Regulatory Alerts2020-01-01
Board of Directors Decision No. (92) of 2020
The Financial Regulatory Authority (FRA) issued Board Decision No. (92) of 2020 to amend corporate governance rules for securities companies by mandating the formation of independent audit and risk committees with strict composition and expertise requirements. The decision requires all existing securities firms to fully align their internal governance structures with these new provisions by 31 December 2020. It takes effect the day following its publication in the Egyptian Gazette and on the Authority's official website.
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