Regulatory Alerts2019-01-01
Decision No. 1619 of 2019 Regarding Controls for Receiving and Executing Purchase and Redemption Operations of Open-End Investment Fund Documents Through Licensed Securities Brokerage Companies
The Financial Regulatory Authority issued Decision No. 1619 of 2019 to establish regulatory controls for the receipt and execution of purchase and redemption operations of open-end investment fund documents. This decision specifically applies to licensed securities brokerage companies authorized to receive subscriptions for these fund documents. The regulation aims to standardize operational procedures and ensure compliance within the Egyptian financial market.
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