Regulatory Alerts2018-01-01
Board of Directors Decision No. (105) of 2018
The Financial Regulatory Authority issued Decision No. (105) of 2018 to establish regulatory requirements and licensing conditions for Egyptian joint-stock companies participating in the establishment or capital increase of securities-issuing entities. The decision mandates that these companies comply with specific expertise, shareholding, and operational rules while requiring them to regularize their existing status by December 31, 2018, through detailed portfolio disclosures and notifications. It further outlines procedures for companies wishing to exit the Capital Market Law's scope and assigns oversight responsibilities to the Authority's competent departments.
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