2019-01-01
The Financial Regulatory Authority of Egypt issued Decision No. (141) of 2019 to reduce the examination and study fees for Green Bond issuance applications. The revised fee schedule mandates a charge of half per thousand of the bond value for public offerings and a quarter per thousand for private placements. This decision becomes effective the day following its issuance and automatically repeals any conflicting prior provisions.
Having reviewed the Capital Market Law issued by Law No. (95) of 1992;
and Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments;
and Presidential Decree No. (192) of 2009 issuing the Basic Law of the Financial Regulatory Authority;
and Decision of the Board of Directors of the Authority No. (67) of 2018 regarding fees for certain services provided by the Authority in the securities field;
and the approval of the Board of Directors in its meeting held on 2019/11/3;
The fees due to the Authority for services related to examining and studying applications for the issuance of Green Bonds shall be reduced to half per thousand of the bond value in the event of a public offering, and a quarter per thousand of the value of these bonds in the case of a private placement.
This Decision shall be enforced from the day following its issuance, and all provisions conflicting with its provisions are hereby repealed. The competent departments within the Authority shall implement it according to their respective jurisdictions.
Dr. Mohamed Omran
Smart Village, Building 137, Giza, Egypt
Postal Code: 110
Telephone: +202 22524520
Fax: +202 25370036
WWW.FRA.GOV.EG