Regulatory Alerts2021-01-01
Added · Updated
Board of Directors Decision No. 32 of 2021 Issuing the Bylaws of the Investor Protection Fund against Non-Commercial Risks
The Financial Regulatory Authority issued Decision No. 32 of 2021, repealing the previous 2016 bylaws and establishing a new regulatory framework for the Investor Protection Fund against Non-Commercial Risks. The decision defines the fund's scope, membership contributions, and governance structure while detailing the specific non-commercial risks covered, such as member insolvency and fraud, alongside strict exclusions for market risks. It further mandates comprehensive procedures for compensation claims, financial management, and internal controls to ensure investor protection within the Egyptian capital market.
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