Regulatory Alerts2019-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. (47) of 2019 Amending Decision No. (11) of 2014 Regarding the Rules for Listing and Delisting Securities on the Egyptian Exchange
The Financial Regulatory Authority (FRA) issued Decision No. (47) of 2019 to amend Article 48 of its 2014 rules governing the listing and delisting of securities on the Egyptian Exchange. The amendment mandates that a company's board of directors must convene a general assembly meeting to approve any capital increase, decrease, or primary offering modification only after a minimum of 21 days following the publication of the relevant disclosure report on the exchange's trading screens. This decision takes effect the day after its publication in the Egyptian Gazette and on the official websites of the FRA and the Egyptian Exchange.
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