2012-05-10

Added 2024-09-20 · Updated 2026-08-16

Controls for banks establishing money market funds

The Central Bank of Egypt requires banks establishing money market funds to form a supervisory committee, obtain prior approval for capital increases, and limit their total contribution to these funds to 5% of Tier 1 capital. The Ministry of Investment amended Article 175 of the Executive Regulations of Capital Market Law No. 95 of 1992 to mandate stable net asset value per share, limit investment maturities to 13 months, and diversify holdings so no single issuer exceeds 10% of assets. Existing funds must comply within one year of the decision's effective date.

Egypt

Central Bank of Egypt

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