Regulatory Alerts2016-01-01
Decision No. (21) of 2016 of the Authority's Board of Directors Regarding the Regulations for Trading and Transferring Ownership of Charitable Investment Fund Documents
The Financial Regulatory Authority issued Decision No. (21) of 2016 to establish the regulatory framework for trading and transferring ownership of charitable investment fund documents outside of stock exchanges. The decision mandates that such transactions must strictly comply with the fund's prospectus or information memorandum and prohibits trading the documents at a value exceeding their par value. This regulation was approved by the Authority's Board of Directors on February 28, 2016, and became effective the day after its publication in the Egyptian Gazette and on the Authority's official website.
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