Regulatory Alerts2018-01-01
Capital Markets Authority Board of Directors Decision No. (15) of 2018
The Capital Markets Authority issued Decision No. (15) of 2018 to amend Decision No. (143) of 2010 regarding the listing and trading of securities. The amended Article 1 mandates that securities companies and institutions must satisfy all specified requirements prior to submitting a listing application to the Egyptian Exchange, while preserving the Listing Committee's final approval authority. Additionally, the decision updates Article 7 to require major shareholders, founders, and board members to maintain mandatory retention percentages per exchange rules, repeals a previous clause, and establishes immediate publication and enforcement procedures.
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