Regulatory Alerts2017-01-01
Board of Directors Decision No. 1 of 2017
The General Authority for Financial Supervision (GAFS) issued Board Decision No. 1 of 2017 to mandate compliance with Egyptian Financial Valuation Standards for all licensed financial securities consulting companies performing valuation works and fair value studies. The decision establishes comprehensive professional conduct, competence, scope of work, and reporting requirements for valuers, ensuring independence, objectivity, and alignment with international methodologies. It repeals prior conflicting standards, extends applicability to startups and convertible instruments, and mandates that all valuation reports bear a header declaration of compliance to be accepted by the Authority.
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