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2015-01-01

Decision of the Authority's Board of Directors No. 66 of 2015 on Determining Fees for Reviewing Listing and Delisting Applications

The Egyptian Financial Supervisory Authority issued Decision No. 66 of 2015 to establish mandatory fees for processing applications related to the listing and delisting of securities at the Egyptian Exchange. The decree specifies a 5,000 EGP fee for reviewing fair value studies, 10,000 EGP for share transfer approvals and listing no-objection requests for securities firms, and 25,000 EGP for listing foreign securities. This regulation takes effect the day after publication and supersedes any conflicting provisions.

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Financial Regulatory Authority Egypt

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Egyptian Financial Supervisory Authority

Egyptian Financial Supervisory Authority

Chairman of the Board of Directors

Decision of the Authority's Board of Directors

No. (66) of 2015 dated 22/3/2015
Regarding the Determination of Fees for Services Related to Reviewing Applications for the Authority's Approval or No Objection to the Listing and Delisting Rules of Securities at the Egyptian Exchange

The Board of Directors of the Egyptian Financial Supervisory Authority

Having reviewed Law No. (159) of 1981 on Joint Stock Companies, Limited Partnerships, and Limited Liability Companies and its Executive Regulation;
Having reviewed the Capital Market Law No. (95) of 1992 and the decisions issued to implement it;
Having reviewed Law No. (93) of 2000 on Central Deposit and Registration of Securities and its Executive Regulation;
Having reviewed Law No. (10) of 2009 on Regulating Supervision over Non-Banking Financial Markets and Instruments;
Having reviewed Presidential Decree No. (192) of 2009 Issuing the Basic Statute of the Egyptian Financial Supervisory Authority;
Having reviewed Decision of the Authority's Board of Directors No. (11) of 2014 Regarding the Listing and Delisting Rules of Securities at the Egyptian Exchange;
Having reviewed the approval of the Authority's Board of Directors in its session held on 22/3/2015;

Has Decided:

(Article One)

The Authority shall charge a fee for services related to reviewing applications for the Authority's approval or no objection as stipulated in the Listing and Delisting Rules of Securities at the Egyptian Exchange, as follows:

  1. Reviewing and examining the formal elements and following established methodologies for studying the fair value study prepared by the financial advisor, for a fee of five thousand Egyptian pounds.

  2. Applications for the Authority's approval to transfer ownership of shares of principal shareholders and founders during the holding period specified in the Listing and Delisting Rules of Securities, for a fee of ten thousand Egyptian pounds.

  3. Applications for the Authority's no objection to listing shares of companies operating in the securities field at the Egyptian Exchange, for a fee of ten thousand Egyptian pounds.

  4. Applications for the Authority's approval to list foreign securities at the Egyptian Exchange, for a fee of twenty-five thousand Egyptian pounds.

(Article Two)

This Decision shall be published on the websites of the Authority and the Egyptian Exchange, and shall take effect from the day following its publication date, repealing any provision contrary to its provisions.

Chairman of the Board of Directors
Samy Sawaf

Egyptian Financial Supervisory Authority
Office of the Chairman

20 Aboud El-Din St. - Cairo - Egypt
Tel: +202 27727123
Fax: +202 25741000
P.O. Box: 1118
Email: info@efsa.gov.eg
Website: www.efsa.gov.eg
Postal Code: 11111

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