Regulatory Alerts2013-01-01
Decision No. 83 of 2013 of the Capital Markets Authority Board Regarding Amendment of Decision No. 102 of 2008 on Securities Companies' Insurance Deposit Requirements
The Capital Markets Authority Board issued Decision No. 83 of 2013 to amend Decision No. 102 of 2008 regarding the mandatory insurance deposits for securities companies seeking licensing. The amendment reduces the required deposit for firms participating in the establishment or capital increase of securities issuers from a rate of one percent per ten thousand to one percent per one hundred thousand of the company's issued capital. Approved on December 23, 2013, the decision took effect the day after its official publication in the Egyptian Gazette and the Authority's website.
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