Regulatory Alerts2021-01-01
Financial Regulatory Authority Board of Directors Resolution No. 86 of 2021
The Financial Regulatory Authority issued Resolution No. 86 of 2021 to amend the licensing conditions for securities companies receiving subscriptions in investment fund documents. The resolution replaces clauses 1 and 3 of Article Four, mandating prior notification to the Authority before concluding subscription contracts and requiring the maintenance of separate accounts for each subscription. It further stipulates that companies, shareholders, and board members must comply with specified provisions at the time of contracting, taking effect upon publication in the Egyptian Gazette.
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