Regulatory Alerts2002-01-01
Decision No. 007 of 2002 on Licensing Conditions for Banks and Foreign Bank Branches to Act as Custodians
The Central Bank of Egypt issued Decision No. 007 of 2002 to define the licensing conditions for banks and foreign bank branches registered with it. The regulation requires these financial institutions to fulfill specific criteria in order to legally practice custodian activities. This framework standardizes the operational requirements for qualified banks seeking to manage asset custody services.
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