Regulatory Alerts2022-01-01
Capital Markets Authority Board Decision No. 196 of 2022
The Capital Markets Authority issued Board Decision No. 196 of 2022 to amend the existing disclosure framework for non-banking financial companies by exempting investment funds, securitization firms, and factoring entities from mandatory environmental, social, governance (ESG), and climate-related financial reporting. This exemption applies specifically to the disclosure requirements outlined in Article One of Decision No. 107 of 2021, streamlining regulatory compliance for these specialized financial activities. The amended decision was approved on December 28, 2022, and takes legal effect the day following its official publication in Al-Waqai' Al-Masriya and on the Authority's electronic website.
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