Decision No. (37) of 2021 dated March 21, 2021 Amending Decision No. (11) of 2014 Regarding the Rules for Listing and Delisting Securities at the Egyptian Exchange — FRA — EG

Financial Regulatory Authority

Chairman of the Authority

Decision No. (37) of 2021 dated March 21, 2021 Amending Decision No. (11) of 2014 Regarding the Rules for Listing and Delisting Securities at the Egyptian Exchange

Board of Directors of the Financial Regulatory Authority Having reviewed the Capital Market Law issued by Law No. (95) of 1992 and its executive regulations; and the Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments; and Decision No. (11) of 2014 regarding the rules for listing and delisting securities at the Egyptian Exchange; and after approval by the Board of Directors in its session held on March 21, 2021;

Has Decided:

(Article One)
The following two texts shall replace Item (3) under Item (c) of Article (12), and the first paragraph of Article (33) shall be issued, from Decision No. (11) of 2014 regarding the rules for listing and delisting securities at the Egyptian Exchange:

(Article 12 - Item c - "3"):
3- The company shall submit to the Exchange a minutes of meeting of bondholders and a document certifying the appointment of its legal representative, authenticated by the competent administrative authority, within no later than three months from the date of closing the subscription period for such bonds. The company shall also submit to the Authority and the Exchange a statement of dividends due to bond or sukuk holders, along with amounts paid therefrom, at least fifteen days prior to distribution.

(Article 33 - First Paragraph Issued):
The issuing company of shares shall be committed to announcing the decision by its competent authority regarding cash dividends or free share distributions, or both, subject to observing the following:
..........................

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

Chairman of the Board of Directors of the Authority Dr. Mohamed Omran

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