Regulatory Alerts2011-01-01
EFSA Board of Directors Decision No. 83 of 2011 Regarding the Regulation of the Register of Approved Sponsors for Small and Medium Enterprises
The Egyptian Financial Supervisory Authority (EFSA) issued Decision No. 83 of 2011 to centralize and regulate the official register of approved sponsors for small and medium enterprises (SMEs) with the Egyptian Exchange. The decision mandates that the Exchange Board establishes listing rules, operational controls, and delisting criteria for these sponsors, subject to EFSA approval, while transferring all prior applications and enforcing 2011 fee payments. It repeals the previous 2007 Capital Market Authority decision, requires monthly sponsor data reporting for public disclosure, and takes effect the day after publication in the Official Gazette and relevant websites.
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