Regulatory Alerts2019-01-01
Decision No. 22 of 2019 of the Capital Market Authority Board Concerning Extension of Deadline for Regularizing Registration of Securities Financial Advisory and Valuation Entities
The Capital Market Authority of Egypt issued Decision No. 22 of 2019 to extend the compliance deadline for securities financial advisory companies and licensed valuation entities by six months, effective February 28, 2019. The decision mandates that these registered entities submit a binding commitment to obtain professional liability insurance upon requesting regularization of their registration status. This regulatory extension facilitates ongoing compliance with Egyptian Financial Valuation Standards while ensuring adequate risk coverage for fair value studies and financial assessments.
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