Regulatory Alerts2016-01-01
Decision No. 136 of 2016 of the Authority's Board of Directors
The Financial Regulatory Authority (FRA) issued Decision No. 136 of 2016 to establish a mandatory fee for processing applications concerning the acquisition of securities brokerage companies, investment fund management, or regulatory regularization. The decision requires the Authority to charge a service fee equal to one-quarter per thousand of the target securities' value, with a strict minimum of 20,000 Egyptian pounds per application. This fee structure, applicable under Articles 328 bis and 328 bis (a) of the Capital Market Law's Executive Bylaws, becomes effective immediately upon publication in the Egyptian Gazette and on the Authority's official website.
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