Regulatory Alerts2018-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. (15) of 2018 Amending Decision No. (51) of 2005 on Service Fees for Listed Companies
The Financial Regulatory Authority (FRA) of Egypt issued Board Decision No. (15) of 2018 to amend the annual service fee structure for companies listed on the Egyptian Exchange. The decision reduces the standard fee to half per thousand of issued capital, capped at EGP 25,000, while establishing a reduced 50% fee rate for small and medium-sized enterprises listed on the Nile Exchange. All applicable fees must be paid annually by the end of January, with late payments subject to daily penalties based on the Central Bank of Egypt's lending rate, effective from January 1, 2019.
Share