Regulatory Alerts2014-01-01
Capital Market Authority Board Decision No. (51) of 2014 (Updated 2020 Version)
The General Authority for Financial Supervision (CMA) of Egypt issued Board Decision No. 51 of 2014 (updated in 2020) to establish the eligibility criteria and capital contribution limits for promoters of investment fund companies. The regulation mandates that promoters must be qualified financial institutions, legal entities, or accredited investors, while capping financial institution contributions at 25%, legal entity contributions at 75%, and Egyptian promoter participation at 51% of the issued capital. Additionally, it requires participating entities to maintain financial solvency, avoid regulatory penalties, and secure prior CMA approval for any ongoing share ownership to ensure continuous compliance with these statutory thresholds.
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