Regulatory Alerts2016-01-01
Decision of the Board of Directors of the Authority No. (18) of 2016
The General Authority for Financial Supervision issued Decision No. 18 of 2016 to fully exempt charitable investment funds from both the development fee and the fee for reviewing and studying prospectuses or information memoranda. This exemption aims to alleviate the financial burdens on these funds, aligning with their established purpose of funding exclusively charitable and social activities. The decision was approved by the Authority's Board of Directors on February 28, 2016, and became effective immediately upon publication in the Egyptian Gazette and on the Authority's official website.
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