Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

Chairman of the Authority

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Decision of the Board of Directors of the Financial Regulatory Authority

No. (15) of 2018 dated 13/9/2018

Regarding the Amendment of Board Decision No. (51) of 2005 on Determining Service Fees Collected from Companies Listed on the Securities Exchange Tables

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Board of Directors of the Financial Regulatory Authority

Having reviewed the Capital Market Law issued by Law No. (95) of 1997 and its Executive Regulations;
and the Law No. (10) of 2009 on Regulating Supervision over Markets and Non-Banking Financial Instruments;
and Presidential Decree No. (192) of 2009 Issuing the Basic Statute of the Financial Regulatory Authority;
and Presidential Decree No. (191) of 2009 on the Rules Governing the Management of the Egyptian Exchange and its Financial Affairs;
and Board Decision No. (13) of 2007 on Determining Service Fees Collected from Companies Listed on the Securities Exchange Tables;
and Board Decision No. (51) of 2005 Amending Board Decision No. (13) of 2007;
and Board Decision No. (11) of 2014 on the Rules and Delisting of Securities on the Egyptian Exchange;
and the approval of the Board of Directors in its session held on 13/9/2018.

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DECIDED

(Article One)

Article One of the aforementioned Board Decision No. (51) of 2005 is replaced with the following:

The annual service fee collected by the Authority from companies with listed securities or financial instruments on the Egyptian Exchange is reduced from one per thousand of the issued capital after a minimum of ten thousand Egyptian Pounds (EGP 10,000) and a maximum limit of twenty-five thousand Egyptian Pounds (EGP 25,000) to a rate of half per thousand of the company's issued capital after a minimum of five thousand Egyptian Pounds (EGP 5,000) and a maximum limit of twenty-five thousand Egyptian Pounds (EGP 25,000).

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(Article Two)

Two new articles numbered (Article Two) are added to the aforementioned Board Decision No. (51) of 2005, as follows:

(Article Two)

The Authority shall collect an annual service fee from small and medium-sized companies with listed securities on the Egyptian Exchange (Nile Exchange) at a rate of 50% of the service fee due for the companies stipulated in Article One of this Decision, calculated at a rate of one quarter per thousand of the company's issued capital after a minimum of two thousand five hundred Egyptian Pounds (EGP 2,500) and a maximum limit of twelve thousand five hundred Egyptian Pounds (EGP 12,500).

(Article Three)

The service fees referred to in Articles One and Two of this Decision shall be paid annually to the Authority in the first month of January of each year, with a maximum deadline at the end of the month. In case of late payment, a daily late fee shall be charged based on the lending and discount rate announced by the Central Bank of Egypt.

(Article Four)

This Decision shall be effective as of 1/1/2019, and all provisions conflicting with it are repealed. The competent departments within the Authority shall implement it according to their respective jurisdictions.

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Chairman of the Board of Directors of the Financial Regulatory Authority

Mohamed Omran

Office of the Chairman

47076

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Smart Village, Building No. B-136, Giza, Egypt
Postal Code: 12577
Tel.: +202 35345350 - Fax.: +202 35345350
info@fra.gov.eg

Smart Village, Building no. B-136, Giza
Postal Code: 12577
Tel.: (00202) 35345350 - Fax.: (00202) 35370036
www.FRA.gov.eg