Regulatory Alerts2018-01-01
Board of Directors Decision No. (67) of 2018
The Financial Regulatory Authority (FRA) of Egypt issued Board Decision No. 67 of 2018 to establish official fee schedules for specific securities-related services. The decision mandates a fee of 0.025% of issuance value for capital increase share applications, rising to 0.05% when pre-emptive rights are exercised, and sets rates of 0.1% for public offerings and 0.05% for private placements of investment certificates and unlisted securities. Additionally, it fixes notarization fees for company general assembly and board meeting minutes at 300 EGP for ordinary sessions and 700 EGP for extraordinary sessions, with the regulation taking effect the day after its publication.
Share