Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

Chairman of the Authority

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Decision of the Board of Directors of the Financial Regulatory Authority

No. (53) of 2019 dated 2019/4/8

Specifying the Types of Investment Funds That May Not Be Licensed as Charitable Investment Funds

The Board of Directors of the Financial Regulatory Authority
Having reviewed the Capital Market Law issued by Law No. (95) of 1992 and its executive regulations;
and the Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments;
and Presidential Decision No. (192) of 2009 issuing the Basic Statute of the Financial Regulatory Authority;
and upon the approval of the Authority's Board of Directors in its meeting held on 2019/4/8.

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Has Decided

(Article One)

Charitable investment funds may invest their funds in any type of investment fund, except for investment funds whose documents must be registered and traded on the securities exchange.

(Article Two)

This Decision shall be published in the Egyptian Gazette and on the Authority's website, and shall take effect from the day following its publication in the Egyptian Gazette.

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Chairman of the Board of Directors of the Authority
Dr. Mohamed Omran

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Smart Village, Building no. B-136, Giza
Postal Code: 12577
Tel.: (00202) 35345350 - Fax.: (00202) 35370036
www.FRA.gov.eg

Smart Village, Building 136, B, Giza, Egypt
Postal Code: 12577
Tel.: +202 35345350 - Fax.: +202 35370036
info@fra.gov.eg