Regulatory Alerts2023-01-01
Capital Market Authority Board of Directors Resolution No. (57) of 2023
The Capital Market Authority issued Resolution No. 57 of 2023 to establish a Supervisory and Monitoring Committee for Carbon Emission Reduction Units, chaired by the Authority's Chairman or delegate. The committee is mandated to formulate issuance rules, supervisory frameworks, verification criteria, conflict-of-interest guidelines, and registry standards for carbon certificates, while coordinating the creation of an Egyptian Carbon Certificate Register. Operating with a technical secretariat and meeting at least monthly, the committee's approved rules will govern disclosure, transparency, and tradability of carbon emission projects under the oversight of the Capital Market Law.
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