Financial services authorizations licenses
9. Does a cloud service provider need a financial services authorization or license to provide cloud services?

Where the outsourcer provides services to a Central Bank of Egypt (CBE)-regulated entity, it must be registered with the CBE.

For non-CBE-regulated entities, if the cloud service provider provides services using (licensed) data centers located in Egypt, it will need to register with the National Telecom Regulatory Authority (NTRA). In order to host low-risk banking information other than customer data, the cloud service provider must obtain an accreditation certificate from the NTRA, based on the type of customers using the service (e.g., Tier 2 accreditation for regulated private sector customers and Tier 3 accreditation for public sector customers). In addition, the cloud service provider may require a permit/license from the Personal Data Protection Center (which is yet to be established), to control, hold or process personal data.