2023-01-01

Capital Market Authority Board Decision No. 119 of 2023 Regarding the Extension of the Founding Committee's Deadline for the Egyptian Securities Union

The Capital Market Authority Board extends the Founding Committee's deadline to convene its first General Assembly by three months, effective June 18, 2023. This amendment applies to the committee established under Article 44 of the Egyptian Securities Union's Articles of Association and operates pursuant to Capital Market Law No. 95 of 1992 and Board Decision No. 20 of 2019. The decision mandates official publication in the Egyptian Gazette and on the Authority's website to ensure legal enforceability.

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Egyptian Gazette - No. 127 (Continued) on June 1, 2023

Capital Market Authority

Capital Market Authority Board Decision No. 119 of 2023

Dated May 25, 2023

Regarding the Extension of the Founding Committee's Deadline for the Egyptian Securities Union
Capital Market Authority Board

Having reviewed the Capital Market Law issued by Law No. 95 of 1992;
and Law No. 10 of 2009 regulating supervision over non-Egyptian markets and financial instruments;
and the Capital Market Authority Board Decision No. 20 of 2019 issuing the Articles of Association of the Egyptian Securities Union;
and after approval by the Authority's Board in its meeting held on May 25, 2023;

Resolved:

(Article One)

The deadline granted to the aforementioned Founding Committee, as stipulated in Article (44) of the Articles of Association of the Egyptian Securities Union, for convening the Union's first General Assembly, is extended for a period of three months effective from June 18, 2023.

(Article Two)

This Decision shall be published in the Egyptian Gazette and on the Authority's official website.

Chairman of the Board
Capital Market Authority
Dr. Mohamed Fared Saleh


Printed by the General Authority for Royal Printing Houses
Chairman of the Board
Accountant Ashraf Imam Abdel Salam
National Library Deposit No. 268 of 2023
26,086 / 2023 - June 1, 2023 - 7.9