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.
General Authority for Financial Supervision
Decision No. 294 of 2010
Dated 20/8/2010
Chairman of the General Authority for Financial Supervision
Having reviewed Law No. 159 of 1981 issuing the Law on Joint Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies, and its executive regulations.
And Law No. 230 of 1989, amended by Law No. 8 of 1997, issuing the Law on Investment Guarantees and Incentives, and its executive regulations.
And Law No. 95 of 1992 issuing the Capital Market Law, and its executive regulations.
And Authority Decision No. 56 of 2009 dated 6/3/2009 regarding the establishment of employees.
Chairman of the General Authority for Financial Supervision
Having reviewed Law No. 159 of 2981 issuing the Law on Joint Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies, and its executive regulations.
And Law No. 230 of 1989, amended by Law No. 8 of 11997, issuing the Law on Investment Guarantees and Incentives, and its executive regulations.
And Law No. 95 of 1992 issuing the Capital Market Law, and its executive regulations.
And Authority Decision No. 56 of 2009 dated 6/3/2009 regarding the establishment of employees.
Chairman of the General Authority for Financial Supervision
Having reviewed Law No. 159 of 2981 issuing the Law on Joint Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies, and its executive regulations.
And Law No. 230 of 1989, amended by Law No. 8 of 1997, issuing the Law on Investment Guarantees and Incentives, and its executive regulations.
And Law No. 95 of 1992 issuing the Capital Market Law, and its executive regulations.
And Authority Decision No. 56 of 2009 dated 6/3/2009 regarding the establishment of employees.
Chairman of the General Authority for Financial Supervision
Having reviewed Law No. 159 of 2981 issuing the Law on Joint Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies, and its executive regulations.
And Law No. 230 of 1989, amended by Law No. 8 of 1997, issuing the Law on Investment Guarantees and Incentives, and its executive regulations.
And Law No. 95 of 1992 issuing the Capital Market Law, and its executive regulations.
And Authority Decision No. 56 of 2009 dated 6/3/2010.
Chairman of the General Authority for Financial Supervision
Having reviewed Law No. 159 of 2980 issuing the Law on Joint Stock Companies and Partnerships Limited by Sun, and its executive regulations.
And Law No. 230 of 1989, amended by Law No. 2 of 1997, issuing the Law on Investment Guarantees and Incentives, and its executive regulations.
And Law No. 95 of 1992 issuing the Capital Market Law, and its executive regulations.
And Authority Decision No. 56 of 2009 dated 6/3/2009 regarding the establishment of employees.
Chairman of the General Authority for Financial Supervision
Having reviewed Law No. 159 of 2980 issuing the Law on Joint Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies, and its executive regulations.
And Law No. 230 of 1985, amended by Law No. 2 of 1997, issuing the Law on Investment Guarantees and Incentives, and its executive regulations.
And Law No. 95 of 1992 issuing the Capital Market Law, and its executive regulations.
And Authority Decision No. 56 of 2009 dated 6/3/2009 regarding the establishment of employees.
Chairman of the General Authority for Financial Supervision
Having reviewed Law No. 259 of 2980 issuing the Law on Joint Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies, and its executive regulations