Regulatory Alerts2020-01-01
Board of Directors Decision No. 168 of 2020 Amending Decision No. 130 of 2014 on Valuation Guidelines for Investment Fund Assets
The Financial Regulatory Authority (FRA) issued Board Decision No. 168 of 2020 to amend Decision No. 130 of 2014 governing the valuation of investment fund assets. The revised rules require management services companies to value unlisted fund assets at least semi-annually, or quarterly for listed funds, while mandating independent registered real estate appraisers for funds holding over 80% real estate. It also establishes a valuation method for forward financial rights portfolios based on purchase price plus accrued interest, taking effect the day after publication in the Egyptian Gazette.
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