Regulatory Alerts2017-01-01
Decision of the Board of Directors of the Authority No. 2 of 2017
The General Authority for Financial Supervision issued Decision No. 2 of 2017 to amend specific provisions of its prior Board Decision No. 109 of 2015 concerning the registration, renewal, and suspension of registered brokers and agents. The amendment replaces the disqualification criteria in Articles Two and Five to explicitly state that individuals previously convicted of criminal offenses, crimes involving moral turpitude or breach of trust, or declared bankrupt or insolvent are ineligible for registration unless their legal reputation has been formally restored. This decision was approved on November 18, 2017, and became effective the day after its publication in the Egyptian Gazette and on the Authority’s official website.
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