Regulatory Alerts2009-01-01
Capital Market Authority Board of Directors Decision No. (50) for the Year 2009
The Capital Market Authority issued Decision No. (50) of 2009 to amend the Egyptian Exchange's rules for listing, continuation of listing, and delisting of securities. The decision revises the composition and operational procedures of the Listing and Delisting Committee, expands the definition and disclosure requirements for related parties, and updates the financial and structural criteria for listing shares, index fund documents, and Egyptian deposit certificates. It further mandates stricter audit committee qualifications, continuous compliance monitoring, and enhanced transparency regarding related-party transactions and board member disclosures.
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