Regulatory Alerts2018-01-01
Decision of the Board of Directors of the Authority No. (68) of 2018
The General Authority for Financial Supervision (GAFI) issued Decision No. (68) of 2018 to establish standardized service fees for specific regulatory applications within Egypt's securities sector. The decree mandates a fixed fee of 5,000 Egyptian pounds for reviewing applications from banks and securities firms seeking custodian licenses, research unit approvals, same-session trading mechanisms, and permissions to trade foreign depositary receipts or unlisted securities. This decision supersedes conflicting prior regulations and takes effect the day following its publication on April 26, 2018.
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