Regulatory Alerts2018-01-01
Decision No. (104) of 2018 of the Authority's Board of Directors
The Financial Regulatory Authority (FRA) of Egypt issued Decision No. (104) of 2018 to amend Decision No. (17) of 2014 concerning the registration of custody banks in the Registered Owner Register. The amendment establishes a mandatory ten thousand US dollar fee for initial licensing and registration applications, alongside a separate ten thousand US dollar fee for reviewing renewal applications. It further confirms that the five-year renewable license remains subject to these updated financial requirements and repeals any conflicting prior provisions.
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