Board of Directors Secretariat

Decision of the Board of Directors of the Authority

No. (102) of 2016 dated 14/8/2016
Amending Decision of the Board of Directors of the Authority No. (66) of 2009
Regarding the Development Levy Imposed on Companies Subject to the Authority's Supervision

Board of Directors of the Financial Regulatory Authority

Having reviewed Law No. (10) of 2009 concerning the regulation of supervision over markets and non-banking financial instruments;
and on the Presidential Decision issuing Law No. 115 of 2015 concerning the regulation of movable guarantees;
and on the Statute of the Financial Regulatory Authority issued by Presidential Decision No. (192) of 2009;
and on Decision of the Board of Directors of the Authority No. (66) of 2009 regarding the development levy imposed on companies subject to the Authority's supervision and its amendments;
and on the approval of the Board of Directors in its meeting No. (8) held on 14/8/2016.

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Decided

(Article One)

A new clause is added to Article Seven concerning the expenditure of the development levy proceeds under Decision of the Board of Directors of the Authority No. 66 of 2009 referenced above, with the following text:

• Development of the movable guarantees system and the electronic registry required for it.

(Article Two)

This Decision shall be published in the Egyptian Gazette and on the websites of the Authority and the Egyptian Exchange, and shall take effect from the day following its publication in the Egyptian Gazette.

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Chairman of the Board of Directors
(Sherif Samy)

(Seal: Financial Regulatory Authority - Egypt)