Regulatory Alerts2011-01-01
Board of Directors Decision No. (26) of 2011 dated 20/4/2011
The Egyptian Financial Supervisory Authority (EFSR) issued Decision No. 26 of 2011 to mandate that companies listed on the Nile Stock Exchange must comply with its disclosure requirements and financial reporting standards effective from the exchange's launch on June 3, 2010, covering all financial periods ending on or after June 30, 2010. This directive formally establishes the regulatory compliance timeline for newly listed entities and clarifies that reporting obligations apply retroactively to the exchange's initial trading date. The decision further instructs the Authority's central departments, the Egyptian Exchange, and the Egyptian Clearing, Depository and Registry Company to enforce these rules within their respective operational scopes.