Regulatory Alerts2021-01-01
Decision of the Board of Directors No. 145 for 2021 Regarding Regulations and Procedures for Public and Private Bond Issuance
The Financial Regulatory Authority issued Decision No. 145 of 2021 to establish comprehensive regulations and procedures governing the public and private issuance of bonds in Egypt. The decision defines qualified investors, mandates specific prospectus disclosures including financial ratios and credit ratings, and outlines the obligations of issuers, underwriters, and offering managers throughout the bond lifecycle. It further standardizes listing requirements, subscription limits, and ongoing disclosure timelines to ensure market transparency and investor protection.
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