Decision of the Board of Directors of the Financial Regulatory Authority No. 74 of 2022 Regarding the Extension of the Founding Committee's Deadline for the Egyptian Securities Union

The Financial Regulatory Authority Board of Directors issued Decision No. 74 of 2022 to extend the six-month deadline for the Egyptian Securities Union's Founding Committee to convene its inaugural General Assembly, effective September 18, 2022. This extension operates under the Capital Market Law and related regulatory frameworks, granting the committee additional time to fulfill its statutory establishment obligations. The decision mandates immediate publication in the Egyptian Gazette and on the Authority's official website to ensure legal enforceability.

Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

Chairman of the Authority

Decision of the Board of Directors of the Financial Regulatory Authority

No. (74) for the year 2022 dated 31/8/2022
Regarding the Extension of the Deadline for the Founding Committee of the Egyptian Securities Union

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 the Presidential Decision No. (192) of 2009 issuing the Basic Law of the Financial Regulatory Authority; and the Board Decision No. (20) of 2019 regarding the Basic Law of the Egyptian Securities Union, amended by Board Decision No. (122) of 2019 and Board Decisions Nos. (43) and (147) of 2020, and Board Decision No. (29) of 2021; and having the approval of the Board of Directors dated 31/8/2022.

Has Decided

(Article One)

The deadline granted to the Founding Committee referred to in Article (44) of the Basic Law of the Egyptian Securities Union, to convene the first General Assembly of the Union, is extended for a period of six months, effective from 18/9/2022.

(Article Two)

This Decision shall be published in the Egyptian Gazette and on the Authority's official website.

Chairman of the Board of Directors
Dr. Mohamed Fared Saleh

Seal
Financial Regulatory Authority
Chairman's Office

Smart Village, Building 137, Giza, Egypt
Postal Code: 110
Telephone: +202 35345350
Fax: +202 35370066
WWW.FRA.GOV.EG

ARAB REPUBLIC OF EGYPT
Building Bridges not Walls
We build bridges, not walls
FINANCIAL REGULATORY AUTHORITY