Regulatory Alerts2016-01-01
Decision of the Board of Directors of the Authority No. (102) of 2016
The Board of Directors of the Financial Regulatory Authority issued Decision No. 102 of 2016 to amend Decision No. 66 of 2009 regarding the development levy imposed on supervised companies. The amendment adds a new clause to Article 7, explicitly authorizing the use of levy proceeds to develop the movable guarantees system and its mandatory electronic registry. This decision takes effect the day after its publication in the Egyptian Gazette and on the official websites of the Authority and the Egyptian Exchange.
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