Regulatory Alerts2007-01-01
Minister of Investment Decision No. 294 of 2007
The Minister of Investment issued Decision No. 294 of 2007 to formally introduce Index Funds into the Executive Regulations of Egypt's Capital Market Law. The regulation mandates that establishing companies submit detailed applications to the General Authority for the Capital Market, including target index approval, market maker contracts, and subscription prospectuses meeting specific capital and valuation requirements. It further imposes strict operational obligations on investment managers and market makers, including continuous portfolio rebalancing, net asset value calculations, real-time disclosure, and strict creation/redemption procedures tied to stock exchange listing rules.
Share