Regulatory Alerts2010-01-01
Decision of the Board of Directors of the Egyptian Financial Supervisory Authority No. 20 of 2010 on Conditions and Procedures for Registering Deposit Banks in the Registered Owner Register
The Egyptian Financial Supervisory Authority (EFSA) issued Decision No. 20 of 2010 to establish the mandatory conditions and procedural requirements for deposit banks seeking registration in the Registered Owner Register. This regulatory measure operationalizes existing capital market, central deposit, and non-Egyptian financial instrument laws by defining the EFSA's supervisory role and assigning joint compliance responsibilities to both the Authority and the deposit banks. The Decision explicitly mandates adherence from all relevant regulatory bodies, deposit banks, and interested parties to ensure standardized registration and oversight within Egypt's financial infrastructure.
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