Decision of the Board of Directors of the Authority No. 2 of 2017

General Authority for Financial Supervision
Decision of the Board of Directors of the Authority No. 2 of 2017
Dated 18/11/2017

Amending certain provisions of the Authority's Board Decision No. 109 of 2015
Regarding the rules for registration, renewal, and suspension
In the registers of registered brokers and registered agents
And the rules and standards organizing their duties

The Board of Directors of the General Authority for Financial Supervision
Having reviewed the Real Estate Registration Law issued by Law No. 148 of 2001
As amended by Law No. 55 of 2014;
And Law No. 10 of 2009 concerning the regulation of supervision over non-Egyptian financial markets and instruments;
And Presidential Decision No. 197 of 2009 issuing the Basic Statute
Of the General Authority for Financial Supervision;
And the Executive Bylaw of the Real Estate Registration Law issued by Cabinet Decision
No. 1 of 2001 and its amendments issued by Cabinet Decision No. 201 of 2015;
And the Authority's Board Decision No. 109 of 2015 regarding the rules for registration
And renewal and suspension in the registers of registered brokers and registered agents and the rules and standards
Organizing their duties;
And the approval of the Authority's Board of Directors in its session held on 18/11/2017;

Decided:

(Article One)
The text of Item (4) in both Articles Two and Five of the Authority's Board Decision
No. 109 of 2015 is replaced with the following text:
4 - That he has not previously been sentenced to a criminal penalty, or for a crime involving moral turpitude or breach of trust
Or that his bankruptcy or insolvency has been declared, unless his reputation has been restored.

(Article Two)
This Decision shall be published in the Egyptian Gazette and on the Authority's website,
And shall take effect from the day following its publication date.

Chairman of the Board of Directors
Sherif Samy