Regulatory Alerts2022-03-29 | CBE5.12Added · Updated
CBE Regulation Book 5.12 - Investment Funds And Money Markets
The Central Bank of Egypt mandates that banks and investment companies must obtain prior approval before establishing investment funds, subject to strict regulatory oversight and capital requirements. Specific limits are imposed on bank exposure, capping it at 2% of the bank's capital for money market funds and 2.5% for fixed income funds, with additional constraints on diversified portfolios. The regulation establishes a Control Committee within investment companies to assess risks, ensure compliance, and maintain net asset value calculations, while also enforcing Know Your Customer (KYC) procedures for fund beneficiaries.
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