Regulatory Alerts2015-01-01
Capital Market Authority Board of Directors Decision No. (17) of 2015
The Capital Market Authority of Egypt issued Decision No. 17 of 2015 to standardize the trading treatment for all subscriber shares in companies under its supervision, aligning it with the provisions of Article 45 of Law No. 159 of 1981 as applied by the General Authority for Investment and Free Zones. This regulation explicitly preserves existing controls and procedures for share ownership transfers and maintains compliance with the Egyptian Exchange's listing and delisting rules. The decision takes effect the day after its publication on the Authority's and the Exchange's websites and supersedes any conflicting prior provisions.
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