Decision of the Board of Directors of the Egyptian Financial Supervisory Authority

No. (77) dated 27/4/2013

Concerning the determination of the increase value in the insurance amount required to be paid by securities brokerage companies dealing in foreign deposit certificates corresponding to securities listed on the Egyptian Exchange

Board of Directors of the Egyptian Financial Supervisory Authority

Having reviewed the Capital Market Law issued by Law No. (95) of 1992 and its executive regulations;

and the Central Depository and Registration of Securities Law issued by Law No. (93) of 2000 and its executive regulations;

and Presidential Decree No. (191) of 2009 regarding the regulations governing the management and financial affairs of the Egyptian Exchange;

and Presidential Decree No. (192) of 2009 issuing the Statute of the Egyptian Financial Supervisory Authority;

and Decision of the Board of Directors of the Authority No. (9) dated 27/2/2013 concerning the guidelines for securities brokerage companies and portfolio formation and management companies dealing in foreign deposit certificates corresponding to securities listed on the Egyptian Exchange;

and upon the approval of the Board of Directors in its meeting held on 27/4/2013.

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Has Decided

(Article One)

The increase value in the insurance amount stipulated in Item (3) of Article Two of the Guidelines for Dealing in Foreign Deposit Certificates Corresponding to Securities Listed on the Egyptian Exchange, issued by Authority Decision No. 9 of 2013 dated 27/2/2013, is set at a rate of one per thousand of the daily average.

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(Article Two)

Securities brokerage companies are obligated to adjust the insurance amount value determined for the Authority in accordance with Article One of this Decision on 1/1 and 6/30 of each year.

(Article Three)

This Decision shall be published in the Egyptian Gazette and on the websites of the Authority and the Egyptian Exchange, and shall take effect as of the day following its publication in the Egyptian Gazette.

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Chairman of the Board of Directors of the Authority

Dr. Ashraf El-Sharkawy

[Official Seal of the Authority]

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Egyptian Financial Supervisory Authority (EFSA)
Address:
Headquarters: Smart Village, Building 15 - 84 B
Km 28, Cairo/Alexandria Desert Road
Giza Governorate, Postal Code: 12577

Communications:
Telephone: +202 2557 0040 - Fax: +202 2557 0041
Email: info@efsa.gov.eg
Website: www.efsa.gov.eg

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Securities brokerage company on foreign deposit certificates for the last six months and not less than ten thousand Egyptian pounds.