Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

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Head of the Authority

Resolution of the Authority's Board of Directors No. (35) for 2021 dated 2021/3/21

Regarding the Licensing of Banks and Certain Companies Engaging in Non-Banking Financial Activities, and Entities Engaging in the Primary Dealers Activity, to Conduct the Money Market Funds Activity Independently or with Other Entities

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Board of Directors of the Financial Regulatory Authority

After reviewing the Capital Market Law issued by Law No. (1992) of 1992;
and Law No. (10) of 2009 Regulating Supervision over Non-Banking Financial Markets and Instruments;
and Prime Minister's Resolution No. (1760) of 2020 Amending Certain Provisions of the Executive Regulations of the Capital Market Law;
and Minister of Finance Resolution No. (480) of 2007 Regarding the Primary Dealers System;
and Authority's Board of Directors Resolution No. (58) of 2018 Regarding the Rules, Conditions, and Licensing Procedures for Banks and Certain Companies Engaging in Non-Banking Financial Activities to Conduct the Investment Funds Activity Independently or with Others, and its Amendments;
and following the approval of the Authority's Board of Directors in its session held on 2021/3/21;

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Resolved

(Article One)

The entities and companies specified in Article One of the aforementioned Authority's Board of Directors Resolution No. (58) of 2018, and entities engaging in the primary dealers activity, may conduct the money market funds activity independently or with other entities specified therein after obtaining a license from the Authority, in accordance with the conditions and procedures stipulated in the aforementioned Resolution of the Authority's Board of Directors, subject to conducting the activity in accordance with the controls stipulated in Article (177) of the Executive Regulations of the Capital Market Law.

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(Article Two)

This Resolution shall be published in the Egyptian Gazette and on the electronic websites of both the Authority and the Egyptian Exchange, and shall be enforced from the day following its publication in the Egyptian Gazette.

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Chairman of the Board of Directors
Dr. Mohamed Omran

Financial Regulatory Authority
Head of the Authority

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Smart Tower: Building 136, Giza, Egypt
Postal Code: 110
Telephone: +202 3534575
Fax: +202 35370066
WWW.FRA.GOV.EG

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Building Bridges not Walls
Between Bridges, Not Barriers