Regulatory Alerts2010-01-01
Decision No. 39 of 2010 of the General Authority for Financial Supervision
The Egyptian General Authority for Financial Supervision issued Decision No. 294 of 2010 to formally establish the statutory legal framework and operational mandates for its regulatory functions. The document explicitly grounds its authority in Egyptian Law No. 159 of 1981 on corporate structures, Law No. 230 of 1989 on investment guarantees, and Law No. 95 of 1992 on the capital market, alongside Authority Decision No. 56 of 2009 regarding employee establishment. By consolidating these legislative references, the decision sets the mandatory legal prerequisites for all subsequent supervisory actions and internal administrative directives.
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