Regulatory Alerts2019-01-01
Decision No. (122) of 2019 of the Board of Directors of the Authority
The Board of Directors of Egypt's Financial Regulatory Authority issued Decision No. (122) of 2019 to amend the Egyptian Securities Union's Basic System by introducing Article (28 bis), which restricts member companies under common control to submitting only one candidate for the Union's Board of Directors and empowers the Authority's Head to establish election procedures. The decree further extends the Interim Committee's mandate to convene the Union's inaugural General Assembly by an additional six months starting September 18, 2019. This regulation takes effect the day after its publication in the Egyptian Gazette and on the Authority's official website.
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