Decision of the Board of Directors of the Authority No. (68) of 2018

Dated 26/4/2018

Regarding Fees for Certain Services Provided by the Authority in the Field of Securities

Board of Directors of the General Authority for Financial Supervision

Having reviewed the Capital Market Law issued by Law No. (95) of 1997 and the decisions issued in implementation thereof; and the Central Depository and Registration of Securities Law issued by Law No. (93) of 2000 and its executive regulation; and Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments; and Presidential Decree No. (191) of 2009 regarding the provisions governing the management of the Egyptian Exchange and its financial affairs; and Presidential Decree No. (192) of 2009 issuing the Statute of the General Authority for Financial Supervision; and Decision of the Board of Directors of the Authority No. (11) of 2014 regarding the rules for listing and delisting securities on the Egyptian Exchange and its amendments; and Decision of the Board of Directors of the Authority No. (7) of 2007 regarding licensing criteria for banks and securities companies for the custodian activity as stipulated in the Central Depository and Registration of Securities Law No. (93) of 2000 and its executive regulation; and Decision of the Board of Directors of the Authority No. (19) of 2010 regarding registration in the Register of Registered Owners and Beneficial Owners; and Decision of the Board of Directors of the Authority No. (67) of 2013 regarding the mechanism for trading shares within the same session and its amendments; and Decision of the Board of Directors of the Authority No. (9) of 2013 regarding criteria for securities brokerage companies and portfolio management companies to trade foreign depositary receipts corresponding to securities listed on the Egyptian Exchange; and Decision of the Board of Directors of the Authority No. (37) of 2014 regarding rules and criteria for securities brokerage companies and portfolio management companies to trade foreign securities; and Decision of the Board of Directors of the Authority No. (33) of 2018 regarding licensing criteria for securities companies to act as custodian banks for investment fund documents; and Decision of the Board of Directors of the Authority No. (39) of 2018 regarding conditions and criteria for establishing research units for licensed securities brokerage companies; and the approval of the Board of Directors at its meeting held on 26/4/2018.

Decided:

(Article One)

The Authority shall charge a service fee of five thousand Egyptian pounds for reviewing and studying each of the following applications:

1. Applications submitted by companies and banks wishing to obtain the Authority's approval to conduct the custodian activity.
2. Applications submitted by securities companies to obtain a license to act as a custodian bank for investment fund documents.

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(Article Two)

The Authority shall charge a service fee of five thousand Egyptian pounds for reviewing and studying each of the following applications:

1. Applications submitted by companies wishing to trade through the mechanism for trading shares within the same session.
2. Applications submitted to establish research units in securities brokerage companies, or to amend or modify their status in accordance with the criteria set forth in Decision of the Board of Directors of the Authority No. (39) of 2018, in cases where they obtained the Authority's approval to establish a research unit prior to the implementation of the aforementioned Decision.
3. Applications submitted to obtain the Authority's approval to trade foreign depositary receipts corresponding to securities listed on the Egyptian Exchange.
4. Applications submitted to obtain the Authority's approval to trade securities not listed on the Egyptian Exchange.

(Article Three)

This Decision shall be implemented from the day following its issuance, and any provision contradicting its provisions is hereby repealed. The competent departments within the Authority shall implement it according to their respective jurisdictions.

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Chairman of the Board of Directors
Dr. Mohamed Omran

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Smart Village, Building No. B-136, Giza, Egypt Postal Code: 12577 Tel.: +202 35370036 - Fax: +202 35345350 info@fra.gov.eg

Smart Village, Building No. B-136, Giza
Postal Code: 12577
Tel.: (00202) 35345350 - Fax.: (00202) 35370036 www.FRA.gov.eg