2012-01-01
The Capital Markets Authority issued Decision No. (49) of 2013 to amend its SME listing framework by explicitly prohibiting the exchange listing of shares issued by companies operating in non-banking financial markets. This amendment inserts a new clause into Article Two of Decision No. (81) of 2011, thereby excluding non-banking financial sector entities from SME listing eligibility. Approved on July 12, 2013, the decision took effect the day after its publication in the Official Gazette and on the Authority’s and Exchange’s websites.
No. (49) of 2013 dated 12/7/2013
Regarding the Amendment of the Authority's Board of Directors Decision No. 81 of 2011
Concerning the Listing Rules for Securities Issued by Small and Medium-Sized Enterprises
Having reviewed Law No. (59) of 1981 on Joint Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies and the decisions issued to implement it;
And Law No. (95) of 1992 on the Capital Market and its Executive Regulations, and the decisions issued to implement it;
And Law No. 93 of 2000 on the Central Depository and Registration of Securities and its Executive Regulations;
And Law No. (10) of 2009 Regulating Supervision on Non-Banking Financial Markets and Instruments;
And Presidential Decree No. (191) of 2009 Regulating the Management of the Egyptian Exchange and its Financial Affairs;
And the Basic Statute of the Capital Markets Authority issued by Presidential Decree No. (192) of 2009;
And the Listing, Continuation, and Delisting Rules for Securities at the Cairo and Alexandria Stock Exchanges issued by the Capital Market Authority Board Decision No. (30) of 2002 dated 18/6/2002 and its amendments;
And the Capital Markets Authority Board of Directors Decision No. (81) of 2011 dated 17/10/2011 on the Listing Rules for Securities Issued by Small and Medium-Sized Enterprises;
And the approval of the Board of Directors in its session No. (13) of 2013 dated 12/7/2013;
A new clause numbered (9) is added to Article Two of the Authority's Board of Directors Decision No. 81 of 2011, with the following text:
"That the shares requested for listing shall not be issued by companies operating in non-banking financial markets."
This Decision shall be published in the Egyptian Official Gazette and on the websites of the Authority and the Egyptian Exchange,
and shall take effect from the day following its publication, with the Egyptian Exchange and the competent administration within the Authority each executing it according to their respective jurisdictions.
Dr. Sherif El-Sharawy
Chairman of the Board of Directors
Main Address: Village 14, Smart Village - Building 14
Km 26, Cairo-Alexandria Desert Road
Giza Governorate - Postal Code: 12577
Telephone: 25770000 - Fax: 25770041
Email: info@efsa.gov.eg
Website: www.efsa.gov.eg