FINANCIAL REGULATORY AUTHORITY

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Chairman of the Authority

Board of Directors Decision No. (19) of 2022 dated 2022/1/22 Regarding some special provisions for the financial statements of direct investment companies

Board of Directors of the Financial Regulatory Authority

After reviewing the Capital Market Law issued by Law No. (95) of 1992 and its executive regulations; And Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments; And the Decision of the Minister of Investment and International Cooperation No. (113) of 2018 adding the activity of direct investment companies to the activities of companies operating in the field of securities; And the Board of Directors Decision No. (149) of 2018 regarding the requirements and conditions for obtaining a license to conduct direct investment activity; And the Board of Directors Decision No. (100) of 2020 regarding the corporate governance rules for companies operating in non-banking financial activities; And after the approval of the Authority's Board of Directors at its meeting held on 2022/1/23;

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Decided

(Article One)

Companies licensed to conduct direct investment activity must provide the Authority with their annual financial statements and the auditor's review report, accompanied by the Board of Directors' report, in a timely manner before presentation to the General Assembly, and no less than (21) days before the date of the General Assembly meeting. This must be presented to the General Assembly within three months from the end of the financial year. The aforementioned companies are also obligated to provide the Authority with semi-annual financial statements, accompanied by a limited review report from the auditor, within a maximum of forty-five days from the end of the period for which the financial statements are submitted.

(Article Two)

This Decision shall be published in the Official Gazette (Al-Waqae'e Al-Masreya) and on the Authority's website, and shall come into force on the day following its publication in the Official Gazette, and shall repeal any provision that contradicts its provisions.

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Chairman of the Authority's Board of Directors Mohamed Omran

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Smart Village, Building 136, Giza, Egypt

Postal Code: 110 Phone: +202 3544750 Fax: +202 35370066 WWW.FRA.GOV.EG

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