Chairman of the Board

Decision No. (895) of 2014

Dated 2/11/2014

Regarding the Amendment of the Authority's Decision No. (747) of 2014

Regarding the Rules and Procedures for Selecting Representatives of Securities Companies

to the Board of Directors of the Investor Protection Fund against Non-Commercial Risks

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Chairman of the General Authority for Financial Supervision:

Having reviewed the Law on Joint Stock Companies, Companies Limited by Shares, and Limited Liability Companies issued by Law No. (159) of 1981 and its Executive Regulations; Having reviewed the Commercial Law issued by Law No. (17) of 1999; Having reviewed the Capital Market Law issued by Law No. (95) of 1997 and its Executive Regulations; Having reviewed the Central Depository and Registry of Securities Law issued by Law No. (93) of 2000 and its Executive Regulations; Having reviewed Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments; Having reviewed Presidential Decree No. (191) of 2009 on the provisions governing the management of the Egyptian Exchange and its financial affairs; Having reviewed Presidential Decree No. (197) of 2009 issuing the Statute of the General Authority for Financial Supervision; Having reviewed Prime Ministerial Decree No. (1576) of 2014; Having reviewed the Authority's Decision No. (747) of 2014 regarding the rules and procedures for selecting representatives of securities companies to the Board of Directors of the Investor Protection Fund against Non-Commercial Risks;

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Has Decided

(Article One)

The following paragraph shall be added to the end of Article Twelve of the aforementioned Authority Decision No. (747) of 2014:

The delegation referred to in the preceding paragraph may also be issued by the Company's Managing Director, provided that it specifies that the selection of the authorized representative by voting was approved by the Chairman of the Board.

(Article Two)

This Decision shall be published in the Egyptian Gazette and on the websites of the Authority, the Egyptian Exchange, and the Fund, and shall take effect from the date of its issuance. Competent authorities are tasked with its implementation.

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Chairman of the Authority
Sherif Samy

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General Authority for Financial Supervision
Office of the Chairman of the Authority

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Smart Village, Building 15 - B
Kilometer 28, Cairo-Alexandria Desert Road
Giza Governorate, Postal Code: 12577

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Email: info@efsa.gov.eg
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