Regulatory Alerts2000-01-01
Law No. (93) of 2000 (Updated Version in 2020)
The General Authority for Financial Supervision issued Law No. 93 of 2000, updated in 2020, to establish a comprehensive regulatory framework for the central depository and registration of securities in Egypt. The law mandates the establishment of a licensed central depository company to manage book-entry registration, clearing, settlement, and safekeeping of securities, while strictly defining the rights, obligations, and eligibility criteria for registered owners, beneficial owners, custodians, and central depository members. It further prescribes capital requirements, corporate governance standards, supervisory and inspection powers, guarantee fund mechanisms, and dispute resolution procedures to ensure market stability, prevent systemic risk, and protect investor interests.