2020-01-01

Board of Directors Decision No. (160) of 2020 Amending Decision No. (11) of 2014 on the Rules for Listing and Delisting Securities on the Egyptian Exchange

The General Authority for Financial Regulation issued Decision No. 160 of 2020 to amend Article 41 of the Rules for Listing and Delisting Securities on the Egyptian Exchange. The amendment requires listed companies to request a shareholder registry update from the Central Depository, Clearing and Registration Company for Securities and deliver it to their external auditor for verification against freeze lists submitted by shareholders attending the General Assembly. Furthermore, the Central Depository must immediately forward a copy of this statement to both the Authority and the General Authority for Investment and Free Zones upon delivery to the company.

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General Authority for Financial Regulation

FINANCIAL REGULATORY AUTHORITY


Chairman of the Authority

Board of Directors Decision No. (160) of 2020 dated 30/9/2020

Amending Board of Directors Decision No. (11) of 2014
Regarding the Rules for Listing and Delisting Securities on the Egyptian Exchange


Board of Directors of the General Authority for Financial Regulation

After reviewing the Capital Market Law issued by Law No. (95) of 1992 and its Executive Regulations;
and Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments;
and Board of Directors Decision No. (11) of 2014 regarding the Rules for Listing and Delisting Securities on the Egyptian Exchange;
and Chairman Decision No. (139) of 2018;
and after approval by the Board of Directors in its meeting held on 30/9/2020;


DECIDED

(Article One)

A second paragraph is added to Article (41) of the aforementioned Rules for Listing and Delisting Securities on the Egyptian Exchange, reading as follows:

(The following):

Article (41) - Second Paragraph:

The company shall request a statement from the Central Depository, Clearing and Registration Company for Securities indicating the shareholders who have renewed their names for the purpose of attending the General Assembly meeting, and deliver it to the company's auditor to verify it against the freeze lists submitted by the shareholders attending the assembly and to ensure its accuracy. The Central Depository, Clearing and Registration Company for Securities shall also, with the approval of the Authority and the General Authority for Investment and Free Zones, send a copy of the statement delivered to the company, immediately upon delivering it to the company.


(Article Two)

This Decision shall be published in the Egyptian Gazette and on the electronic websites of both the Authority and the Egyptian Exchange, and shall take effect from the day following its publication in the Egyptian Gazette.


Chairman of the Board of Directors of the Authority

Dr. Mohamed Omran


General Authority for Financial Regulation

FINANCIAL REGULATORY AUTHORITY


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