Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

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Chairman of the Authority

Board of Directors Decision No. (65) of 2020 dated 8/4/2020

Amending Board of Directors Decision No. (53) of 2018 regarding the conditions for granting and maintaining licenses and the rules for share ownership of companies operating in non-banking financial activities

The Board of Directors of the Financial Regulatory Authority

Having reviewed the Capital Market Law issued by Law No. (95) of 1997 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. (192) of 2009 establishing the Basic System of the Financial Regulatory Authority; Having reviewed Board of Directors Decision No. (53) of 2018 regarding the conditions for granting and maintaining licenses and the rules for share ownership of companies operating in non-banking financial activities; And after approval by the Board of Directors in its session held on 8/4/2020:

Decided

(Article One)

The phrase "except for Item No. 2 of Article Three thereof" contained in Item (1) of Article Twelve of the aforementioned Board of Directors Decision No. (53) of 2018 is hereby repealed.

(Article Two)

This Decision shall be published in the Egyptian Official Gazette and on the Authority's website, and shall take effect from the day following its publication in the Egyptian Official Gazette.

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Chairman of the Board of Directors Dr. Mohamed Osman

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Smart Village, Building 136, Giza, Egypt Postal Code: 110 Telephone: +202 3534530 Fax: +202 35370066 WWW.FRA.GOV.EG

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