Regulatory Alerts2023-01-01
Decision of the Board of Directors No. 39 of 2023
The Egyptian Financial Regulatory Authority issued Board Decision No. 39 of 2023 to extend the statutory deadline for its Founding Committee to convene the first General Assembly of the Egyptian Securities Union. The extension grants an additional three-month period, effective from March 18, 2023, pursuant to Article 44 of the Union's Statutes. The Decision was approved by the Board on March 8, 2023, and is published in the Egyptian Gazette and on the Authority’s official website.
Egyptian Gazette - No. 63, Part (A) dated March 16, 2023, Page 7
Egyptian Financial Regulatory Authority
Decision of the Board of Directors No. 39 of 2023
Dated March 8, 2023
Regarding the Extension of the Deadline for the Founding Committee of the Egyptian Securities Union
The Board of Directors of the Egyptian Financial Regulatory Authority
Having reviewed the Capital Market Law issued by Law No. 95 of 1992;
and the Law No. 10 of 2009 regulating supervision over non-banking financial markets and instruments;
and the Board Decision No. 20 of 2019 issuing the Statutes of the Egyptian Securities Union;
and after the approval of the Board of Directors in its meeting held on March 8, 2023;
Has Decided
(Article One)
The deadline granted to the Founding Committee referred to in Article (44) of the Statutes of the Egyptian Securities Union, for convening the first General Assembly of the Union, is extended for a period of three months, effective from March 18, 2023.
(Article Two)
This Decision shall be published in the Egyptian Gazette and on the Authority's official website.