Regulatory Alerts2014-01-01
Decision of the Chairman of the Authority No. (895) of 2014
The Chairman of the General Authority for Financial Supervision issued Decision No. (895) of 2014 to amend the rules governing the selection of securities companies' representatives to the Investor Protection Fund against Non-Commercial Risks Board. The amendment adds a provision to Article Twelve of the original Decision No. (747) of 2014, permitting the company's Managing Director to issue the delegation letter if it explicitly states that the authorized representative's selection was approved by the Board Chairman. This decision was published in the Egyptian Gazette and on official websites, taking effect immediately upon issuance.
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