Regulatory Alerts2021-01-01
Resolution of the Authority's Board of Directors No. (35) for 2021
The Financial Regulatory Authority's Board of Directors issued Resolution No. (35) of 2021 to authorize banks, non-banking financial companies, and primary dealers to conduct money market funds activities independently or jointly after obtaining regulatory licensing. The resolution mandates compliance with the conditions and procedures outlined in Resolution No. (58) of 2018, alongside the operational controls specified in Article (177) of the Capital Market Law Executive Regulations. This measure expands permissible financial activities for licensed entities and takes effect the day following its publication in the Egyptian Gazette.
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