2015-01-01

Board of Directors Decision No. (16) of 2015

The Egyptian Financial Supervisory Authority issued Decision No. 66 of 2015 to formally extend the operational term of the Financial Sector Investment Fund for five years, concluding on March 22, 2019. This regulatory amendment aligns with the Capital Market Law and the Minister of Investment's 2014 modifications to investment fund bylaws, following internal management review and board approval. The decision takes effect immediately upon issuance and mandates all relevant authorities to enforce the extended fund duration within their respective jurisdictions.

Financial Regulatory Authority Egypt logo

Egypt

Financial Regulatory Authority Egypt

Click to view thumbnail

Egyptian Financial Supervisory Authority

Egyptian Financial Supervisory Authority

Chairman of the Board of Directors

Decision of the Authority's Board of Directors

No. (66) of 2015 dated 11/3/2015
Regarding the extension of the term of the Financial Sector Investment Fund

Board of Directors of the Egyptian Financial Supervisory Authority

Having reviewed the Capital Market Law issued by Law No. (95) of 1997 and the decisions issued in implementation thereof,

And the Minister of Investment Decision No. 27 of 2014 amending certain provisions of the Executive Bylaws of the Capital Market Law issued by the Minister of Economy and Foreign Trade Decision No. 135 of 1993, regarding the amendment of the provisions of Chapter II concerning investment funds,

And the memorandum from the competent management dated 17/2/2015,

And the approval of the Authority's Board of Directors in its meeting No. (3) held on 11/3/2015.


Has Decided

Article (1)

Approval to extend the term of the Financial Sector Investment Fund for a period of five years, ending on 22/3/2019.

Article (2)

This Decision shall take effect from the date of its issuance, and the competent authorities are tasked with its implementation according to their respective jurisdictions.


Chairman of the Board of Directors
Sherif Samy

Seal
Office of the Chairman
46076


70 Emad El-Din St. - Cairo - Egypt
Tel: (+202) 37727122
Fax: (+202) 35741000
P.O. Box: 618 - Postal Code: 11111
Email: info@efsa.gov.eg
Website: www.efsa.gov.eg