Regulatory Alerts2017-01-01
Decision of the Board of Directors of the Authority No. (1) of 2017 Regarding the Issuance of the Egyptian Financial Valuation Standards for Enterprises
The Capital Market Authority of Egypt issued Decision No. (1) of 2017 to mandate compliance with the Egyptian Financial Valuation Standards for Enterprises by all licensed financial consulting companies. The decision repeals previous regulations and requires all financial valuation reports and fair value studies to explicitly state adherence to these standards, which govern professional conduct, competence, scope of work, and valuation methodologies. It establishes strict rules on independence, conflict of interest, confidentiality, and data retention to protect investors and ensure transparency in capital market transactions such as mergers, acquisitions, and public offerings.
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