Regulatory Alerts2015-01-01
Minister of Investment Decision No. 45 of 2015
The Egyptian Minister of Investment issued Decision No. 45 of 2015 to amend the Executive Regulations of the Capital Market Law. The decision revises valuation and auditor certification procedures for capital increases, introduces a new article allowing private subscriptions with waived pre-emptive rights subject to shareholder approval and auditor endorsement, and expands client record-keeping and anti-money laundering compliance obligations for securities brokers. It further defines related parties and mandates the five-year retention of client contracts, account statements, and electronic records.
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