Regulatory Alerts2022-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. (61) for 2022
The Financial Regulatory Authority of Egypt issued Decision No. 61 of 2022 to formally wind up the investment funds management activity of Odyn Capital Group for Financial Investments. Grounded in Article 33 of the Capital Market Law No. 95 of 1992, this order mandates the immediate cessation of the specified business operations following the company's extraordinary general assembly resolution. The decision takes effect the day after its publication on the Authority’s official website, with all relevant regulatory bodies tasked with executing the winding-up procedures.
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