Regulatory Alerts2021-01-01
Financial Regulatory Authority Board of Directors Resolution No. (57) for 2021
The Financial Regulatory Authority issued Resolution No. (57) of 2021 to amend the regulations governing public and private offerings by introducing a new clause (1 bis) that mandates at least 10% of bond issuances be allocated to natural or legal persons, excluding first-tranche subscribers. This allocation exempts these investors from the standard minimum subscription limit stipulated in Clause 1, thereby broadening market participation. The resolution was approved by the Board of Directors on April 4, 2021, and takes effect immediately following its publication in the Egyptian Gazette and on the Authority’s and Exchange’s websites.
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