Regulatory Alerts2022-03-29 | CBE5.8Added · Updated
CBE Regulation Book 5.8 - The Rules Regarding The Maximum Number Of Bonds That Each Bank May Have
The Central Bank of Egypt establishes the maximum limits on the number of bonds that each bank may issue or guarantee, referencing Articles 88 of the Banking Law and Article 159 of the Companies Law. The regulation specifies that the total number of bonds issued or guaranteed by a bank must not exceed the limits set by the Board of Directors, subject to approval by the General Assembly. It further details the conditions under which these limits are calculated, including the inclusion of guarantees provided by the bank and the exclusion of certain internal transactions.
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