Board of Directors Secretariat

Decision of the Board of Directors of the Authority No. (133) of 2017

Dated 29/10/2017

Regarding the Amendment of Decision of the Board of Directors of the Authority No. 40 of 2017

Regarding Clients Violating the Rules Governing Trading on Egyptian Exchanges

The Board of Directors of the Financial Regulatory Authority

Having reviewed the Law No. (159) of 1981 on Joint Stock Companies, Commandite Companies by Shares, and Limited Liability Companies, and its Executive Regulations, and the Capital Market Law No. (95) of 1997, its Executive Regulations, and the decisions issued in implementation thereof and their amendments, and the Central Deposit and Registration of Securities Law No. (93) of 2000, and its Executive Regulations, and Law No. (10) of 2009 on Regulating Supervision over Non-Banking Financial Markets and Instruments, and the Statute of the Financial Regulatory Authority issued by Presidential Decree No. (197) of 2009, and Presidential Decree No. (191) of 2009 on the Rules Governing the Egyptian Exchange and its Financial Affairs, and Decision of the Board of Directors of the Authority No. (40) of 2017 regarding precautionary measures concerning clients violating the rules governing trading on Egyptian exchanges, and upon the approval of the Board of Directors of the Authority in its session held on 29/10/2017.

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Has Decided

(Article One)

The following text shall replace the text of the last paragraph of Article One of the aforementioned Decision of the Board of Directors of the Authority No. 40 of 2017:

"In the event that the Authority requests the taking of measures to file a criminal lawsuit, the suspension of benefits shall continue until referral to trial and a judgment on the merits is issued, or the Public Prosecution decides to dismiss the case or reach a settlement, whichever is earlier, unless the Regulations Committee, competent judicial authorities, or the Board of Directors of the Authority decides otherwise in light of justifications submitted in this regard."

(Article Two)

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

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Dr. Mohamed Omran
Chairman of the Board of Directors

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