Regulatory Alerts2018-01-01
Decision of the Board of Directors of the Authority No. (82) of 2018
The Financial Regulatory Authority (FRA) issued Decision No. (82) of 2018 to amend the Egyptian Exchange's listing and delisting rules by inserting two new provisions into Article 18. The amendment mandates that company board members must provide a certified legal declaration confirming no criminal convictions or serious capital market violations in the past five years, subject to specific rehabilitation and time-lapse conditions. Additionally, it requires companies to promptly disclose any disqualifying circumstances regarding their directors and replace them with qualified individuals within the FRA's specified timeframe.
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