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.
Egyptian Financial Supervisory Authority (EFSA)
Decision of the Board of Directors of the Egyptian Financial Supervisory Authority No. (20) of 2010 dated 15/7/2010 regarding the conditions and procedures for registering deposit banks in the Registered Owner Register
Board of Directors of the Egyptian Financial Supervisory Authority Having reviewed the Capital Market Law issued by Law No. 95 of 1992 and its executive regulations, and the Deposit and Central Securities Registration Law issued by Law No. 93 of 2000 and its executive regulations, and Law No. 10 of 2009 regulating supervision over non-Egyptian markets and financial instruments and its executive regulations, and Presidential Decree No. 709 of 2010 issuing the Statute of the Egyptian Financial Supervisory Authority, and Decision of the Board of Directors of the Egyptian Financial Supervisory Authority No. (20) of 2010 regarding the conditions and procedures for registering deposit banks in the Registered Owner Register, Whereas the objective of this Decision is to regulate the conditions and procedures for registering deposit banks in the Registered Owner Register, Whereas this Decision constitutes an implementation of the provisions of previous laws and decisions, Whereas the implementation of this Decision falls under the responsibilities of the Egyptian Financial Supervisory Authority, Whereas the implementation of this Decision constitutes a shared responsibility between the Egyptian Financial Supervisory Authority and deposit banks, Whereas the execution of this Decision is a mandatory responsibility for deposit banks, Whereas the implementation of this Decision is registered in the Registered Owner Register, Whereas this Decision is binding on all concerned parties, Whereas this Decision is binding on all deposit banks, Whereas this Decision is binding on the Egyptian Financial Supervisory Authority, Whereas this Decision is binding on all concerned authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory and regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision is binding on regulatory authorities, Whereas this Decision was decided by consensus, Whereas this Decision was decided by consensus, Whereas this Decision was decided by consensus, Whereas this Decision was decided by consensus, Whereas this Decision was decided by consensus, Whereas this Decision was decided by consensus, Whereas this Decision was decided by consensus, and copy the text entirely as written in the image.