Regulatory Alerts2010-01-01
Minister of Investment Decision No. 1 of 2010 Amending Certain Provisions of the Executive Regulations of the Capital Market Law No. 95 of 1992
The Egyptian Minister of Investment issued Decision No. 1 of 2010 to amend specific provisions of the Executive Regulations of the Capital Market Law No. 95 of 1992. The amendment replaces the disclosure requirements for issuing companies with updated mandates for cash flow summaries, financial ratios, and auditor reports on future deposits, while adding detailed notification and documentation obligations for non-corporate legal entities issuing non-equity securities. It further mandates that prospectuses from such entities include manager certifications, central depository settlement records, standardized information forms, explicit powers of attorney, and any additional documents deemed necessary by the Financial Regulatory Authority, with the decision taking effect the day after its publication in the Egyptian Gazette.