Regulatory Alerts2021-01-01
Decision No. (37) of 2021 dated March 21, 2021 Amending Decision No. (11) of 2014 Regarding the Rules for Listing and Delisting Securities at the Egyptian Exchange
The Financial Regulatory Authority of Egypt issued Decision No. 37 of 2021 to amend Decision No. 11 of 2014 regarding the listing and delisting rules for securities at the Egyptian Exchange. This amendment replaces Item 3 under Article 12 and establishes a new first paragraph for Article 33, mandating that issuing companies submit bondholders' meeting minutes and legal representative appointments within three months of subscription closure, alongside a dividend statement at least fifteen days prior to distribution. The decision takes effect the day after its publication in the Egyptian Gazette and on the official electronic portals of both the Authority and the Exchange.
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