Capital Market Authority Board of Directors Decision

No. (17) of 2015 dated 2015/3/11

Regarding the Transfer of Ownership of Subscribers' Shares in Companies Subject to the Supervision and Oversight of the Authority

Capital Market Authority Board of Directors

Having reviewed the Law No. (159) of 1981 on Joint Stock Companies, Companies Limited by Shares, and Limited Liability Companies and its Executive Regulations;

and the Capital Market Law No. (95) of 1992 and the decisions issued to implement it;

and the Central Deposit and Registration of Securities Law No. (93) of 2000 and its Executive Regulations;

and Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments;

and Presidential Decision No. (192) of 2009 issuing the Basic Statute of the Capital Market Authority;

and Capital Market Authority Board of Directors Decision No. (11) of 2014 regarding the rules for listing and delisting securities on the Egyptian Exchange;

and Capital Market Authority Board of Directors Decision No. (8) of 2010;

and based on the Egyptian Exchange letter dated 28/12/2014;

and upon the approval of the Authority's Board of Directors in its meeting held on 2015/3/11

Decided:

(Article One)

Trading in all shares of subscribers in companies subject to the supervision and oversight of the Authority shall be subject to the same treatment prescribed by the General Authority for Investment and Free Zones pursuant to Article (45) of Law No. (159) of 1981, all without prejudice to the controls and procedures prescribed for the transfer of ownership of shares in companies subject to the supervision and oversight of the Authority, as well as the rules for listing and delisting securities registered on the Egyptian Exchange.

(Article Two)

This Decision shall be published on the Authority's and the Egyptian Exchange's websites, and shall take effect from the day following its publication date, and shall repeal any provision conflicting with its provisions.

Chairman of the Board
Sherif Samy

(Seal of the Capital Market Authority - Chairman's Office) 46076

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Capital Market Authority Headquarters
20 Emad El-Din St. - Cairo - Egypt
Email: info@efsa.gov.eg
Website: www.efsa.gov.eg
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