Regulatory Alerts2009-01-01
Board of Directors Resolution No. (064) of 2009
The Authority's Board of Directors issued Resolution No. 064 of 2009 to amend the first paragraph of Article 11 of the Securities Registration, Continuation, and Delisting Rules. This amendment permits the registration of shares for both Egyptian and foreign holding companies, as well as Egyptian depositary receipts corresponding to foreign holding company shares, even when financial statements for a complete fiscal year have not been issued. Registration remains strictly conditional upon compliance with the specific requirements outlined in Article 11.
Board of Directors Resolution No. (064) of 2009
The Board has decided to amend the text of the first paragraph of Article No. (11) of the Rules for Registration, Continuation of Registration, and Delisting of Securities, as amended by Board of Directors Resolution No. 94 of 2008 dated 2008/9/22, to read as follows:
"The shares of Egyptian and foreign holding companies, and Egyptian depositary receipts corresponding to the shares of foreign holding companies, which have not issued financial statements for a complete financial year, may be registered in accordance with the following conditions (set forth in Article 11): ..........." .