Regulatory Alerts2018-01-01
Financial Regulatory Authority Board Decision No. (33) of 2018 (Updated Version in 2021)
The Financial Regulatory Authority Board of Directors issued Decision No. 33 of 2018, updated in 2021, to establish and amend licensing regulations for capital market companies. The decision mandates compliance with updated expertise and competence standards, financial adequacy criteria, and subscription procedures for investment fund documents. It integrates prior regulatory amendments to ensure consistent operational oversight and investor protection across the sector.
Financial Regulatory Authority Board Decision No. (33) of 2018 dated 4/3/2018 Regarding the Licensing Regulations for Companies Operating in the Capital Market Sector 1 Last amended on 6/6/2021 Regarding the subscription to investment fund documents in accordance with Financial Regulatory Authority Board of Directors After reviewing the Companies Law, Limited Liability Partnerships and Joint Stock Companies Law, and Single-Person Companies Law issued by Law No. (159) of 1981 and its Executive Regulations; And the Capital Market Law issued by Law No. (95) of 1992 and the decisions issued in implementation thereof; And Law No. (10) of 2009 regarding the regulation of supervision over non-banking financial markets and instruments; And Presidential Decree No. (192) of 2009 issuing the Basic System of the Financial Regulatory Authority; And Prime Minister's Decree No. 1576 of 2014 amending Prime Minister's Decree No. 1764 of 2004 establishing the Non-Commercial Risk Generalization Fund for Companies Operating in the Capital Market Sector; And Financial Regulatory Authority Board Decision No. (46) of 2016 regarding the issuance of the Basic System for the Investor Protection Fund; And Financial Regulatory Authority Board Decision No. (14) of 2007 regarding the financial adequacy standards for Companies Operating in the Capital Market Sector; And with the approval of the Board of Directors at its meeting held on 3/4/2018 Decided: (Article One) (Article Two)
2 Item (1) of Paragraph Two of Article Two was amended by Financial Regulatory Authority Board Decision No. 40 dated 2/3/2020, with reference to Financial Regulatory Authority Board Decision No. 125 of 2015 regarding the expertise and competence standards for those managing Companies Operating in the Capital Market Sector.
(Article Three) (Article Four)
3 Item (1) of Article Four was amended by Financial Regulatory Authority Board Decision No. 86 dated 6/6/2021. 4 Item (3) of Article Four was amended by Financial Regulatory Authority Board Decision No. 86 dated 6/6/2021. 5 Item (5) of Article Four was amended by Financial Regulatory Authority Board Decision No. 40 dated 2/3/2020.