Board of Directors Decision

General Authority for Financial Supervision

No. (33) of 2009 dated 1/9/2009

Regarding the Amendment of Registration, Continuation of Registration, and Deregistration Criteria

in the Register of Accountants with the General Authority for Financial Supervision

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Chairman of the Board of Directors of the General Authority for Financial Supervision

Having reviewed the Law on Joint Stock Companies, Companies Limited by Shares, and Limited Liability Companies issued by Law No. 159 of 1981 and its executive regulations,

and the Law on Supervision and Oversight of Insurance issued by Law No. 10 of 1981 and its executive regulations,

and the Capital Market Law issued by Law No. 95 of 1992 and its executive regulations,

and the Real Estate Financing Law issued by Law No. 148 of 2001 and its executive regulations,

and the Law Regulating Oversight of Non-Banking Financial Markets and Instruments issued by Law No. 10 of 2009,

and Decision No. 33 of 2009 of the Board of Directors of the General Authority for the Capital Market regarding the criteria for registration, continuation of registration, and deregistration in the register of accountants with the Authority,

and upon the approval of the Board of Directors of the General Authority for Financial Supervision in its session No. (2) of 2009 dated 3/8/2009,

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Has Decided

Article One

The third paragraph is replaced by paragraph (e) of Article 3 of the aforementioned Criteria for Registration, Continuation of Registration, and Deregistration in the Register of Accountants with the Authority:

(e) Submission of documentation confirming that no final criminal judgments have been issued against the accountant.

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Article Two

The following item is added to Article 3 of the aforementioned Criteria for Registration, Continuation of Registration, and Deregistration in the Register of Accountants with the Authority:

(h) The applicant for registration must be registered in the register of the Central Auditing Organization, practicing the profession outside the governmental scope.

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Article Three

The following item is replaced by item (a) of Article 8 of the aforementioned Criteria for Registration, Continuation of Registration, and Deregistration in the Register of Accountants with the Authority:

(a) Recording incomplete or inaccurate data, whether through any forms, data, or reports submitted by accountants to the General Authority for Financial Supervision and/or the Quality Control Unit for Accountants' Work.

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Article Five

This Decision shall be published in the Egyptian Gazette and shall take effect from the day following its publication date.

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Dr. Ziad Bahaa El-Din
Chairman of the Board of Directors

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General Authority for Financial Supervision Main Center: Smart Village, Building 15 - 84 B Km 28, Cairo/Alexandria Desert Road 6th of October City, Postal Code: 12577 Telephone: 202 2537 0040 - 202 2537 0041 Fax: 202 2537 0041 Email: info@efsa.gov.eg Website: www.efsa.gov.eg