Regulatory Alerts2020-01-01
Financial Regulatory Authority Board of Directors Decision No. (177) of 2020
The Financial Regulatory Authority of Egypt issued Decision No. (177) of 2020 to amend the publication rules for companies that issued securities in a public offering but are not listed on the Egyptian Exchange. The amendment adds a third paragraph to Article One of the 2018 Decision, permitting these unlisted companies to fulfill their annual and periodic financial statement disclosure obligations by mailing registered copies with acknowledgment of receipt directly to shareholders. The Decision takes effect the day after its publication in the Egyptian Gazette and on the official websites of both the Authority and the Egyptian Exchange.
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