Regulatory Alerts2019-01-01
Board of Directors Decision No. (53) of 2019
The Financial Regulatory Authority's Board of Directors issued Decision No. 53 of 2019 to explicitly prohibit charitable investment funds from investing in any fund that is mandated to be registered and traded on the securities exchange. Grounded in the Capital Market Law No. 95 of 1992 and related regulatory frameworks, the decree restricts charitable fund portfolios to non-exchange-traded investment vehicles only. The decision was approved on April 8, 2019, and becomes effective the day following its official publication in the Egyptian Gazette and on the Authority's website.
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