Regulatory Alerts2018-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. (149) of 2018
The Financial Regulatory Authority (FRA) issued Decision No. (149) of 2018 to establish the specific requirements and conditions for licensing direct investment companies in Egypt. The regulation mandates a minimum paid-up capital of 10 million Egyptian pounds, requires the company to operate as a fixed-term limited partnership, and stipulates strict experience thresholds for responsible managers and investment partners. It further prohibits general partners from engaging in self-dealing, market manipulation, or disclosure violations, while outlining registration procedures, applicable fees, and mandatory disclosure statements for compliance.
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