Regulatory Alerts2023-01-01
Financial Regulatory Authority Board Resolution No. 53 of 2023
The Financial Regulatory Authority issued Board Resolution No. 53 of 2023 to amend the development fee calculation for holding companies under its supervision. The resolution replaces Article Five of Resolution No. 66 of 2009, mandating that the fee be calculated based on independent financial statements. This amendment takes effect upon publication in the Egyptian Gazette and the Authority’s website, applying to all financial statements issued after the publication date.
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