Regulatory Alerts2019-01-01
Decision No. 20 of 2019 of the Authority's Board of Directors
The Egyptian Financial Regulatory Authority (FRA) issued Decision No. 20 of 2019 to formally adopt and implement the Basic Statute of the Egyptian Securities Union. The Statute establishes the Union as a non-profit legal entity headquartered in Cairo or Giza, outlining its objectives to develop the capital market, enforce a professional code of ethics, and protect member rights. It details membership requirements, financial obligations, disciplinary procedures for non-compliance, and the governance structure comprising the General Assembly, Board of Directors, specialized committees, and executive management.
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