Regulatory Alerts2022-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. 74 of 2022 Regarding the Extension of the Founding Committee's Deadline for the Egyptian Securities Union
The Financial Regulatory Authority Board of Directors issued Decision No. 74 of 2022 to extend the six-month deadline for the Egyptian Securities Union's Founding Committee to convene its inaugural General Assembly, effective September 18, 2022. This extension operates under the Capital Market Law and related regulatory frameworks, granting the committee additional time to fulfill its statutory establishment obligations. The decision mandates immediate publication in the Egyptian Gazette and on the Authority's official website to ensure legal enforceability.
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