Secretariat of the Board of Directors

Board of Directors Decision

No. (83) of 2013 dated 23/12/2013
Regarding the amendment of Decision No. 102 of 2008 of the Capital Markets Authority Board Concerning the determination of the insurance value to be deposited with the Authority by securities companies as one of the licensing requirements

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Capital Markets Authority Board of Directors

After reviewing the Capital Market Law issued by Law No. 95 of 1992 and its executive regulations, issued by Minister of Economy and Foreign Trade Decision No. 135 of 1993, and Law No. 10 of 2009 regulating supervision over markets and non-banking financial instruments, and Presidential Decision No. 192 of 2009 issuing the Basic Statute of the Capital Markets Authority, and Decision No. 102 of 2008 of the Capital Markets Authority Board concerning the determination of the insurance value to be deposited with the Authority by securities companies as one of the licensing requirements, and the approval of the Capital Markets Authority Board of Directors in its session No. 17 dated 23/12/2013,

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Decided

Article (1)

The insurance value to be deposited with the Authority by companies conducting the activity of "participating in the establishment of companies issuing securities or increasing their capital", as stipulated in Article One of Decision No. 102 of 2008 of the Capital Markets Authority Board, is amended to become "one per one hundred thousand" as a percentage of the company's issued capital, instead of "one per ten thousand".

Article (2)

This Decision shall be published in the Egyptian Gazette and the Authority's website, and shall take effect from the day following its publication.

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Chairman of the Board of Directors
Sherif Samy
[Capital Markets Authority Seal]
Chairman's Office
46076