Regulatory Alerts2019-01-01
Capital Markets Authority Council Decision No. (10) of 2019
The Capital Markets Authority issued Council Decision No. (10) of 2019 to amend specific provisions in its prior Decisions No. (85) and (162) of 2018 regarding corporate board membership qualifications. The decision replaces the post-penalty execution timeframe with a good reputation condition, clarifies how out-of-court settlements affect board exclusions and criminal proceedings before final judgment, and updates the disclosure form to capture serious violations or accusations that compromise good standing. These amendments take effect the day following publication in the Egyptian Gazette and on official websites, ensuring updated compliance tracking for supervised companies.
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