Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

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Chairman of the Authority

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Decision of the Board of Directors of the Financial Regulatory Authority

No. (153) of 2019 dated 21/11/2019
Regarding the Resumption of Securities Consulting Activities by Mubasher Financial Consulting Company

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Board of Directors of the Financial Regulatory Authority

Having reviewed the Capital Market Law issued by Law No. 95 of 1992 and its executive regulations and amendments;
and the Law Regulating Supervision over Non-Banking Financial Markets and Instruments issued by Law No. 10 of 2009;
and Presidential Decision No. 197 of 2009 issuing the Basic Statute of the Financial Regulatory Authority;
and Board Decision No. (196) of 2018 and its amendments regarding the conditions and controls for the voluntary suspension of activities of companies operating in the securities sector;
and Board Decision No. 114 of 2018 dated 16/07/2018 and its amendments regarding the conditions and controls for registering financial consulting companies and authorized entities to perform financial valuation and fair value study preparation with the Authority;
and Board Decision No. 186 of 2018 approving the suspension of Mubasher Financial Consulting Company's activities for one year, and Decision No. 125 of 2019 extending the temporary suspension of the company's activities;
and Board Decision No. 83 of 2019 following a period for documenting the status of financial consulting companies and authorized entities to perform financial valuation and fair value study preparation with the Authority;
and the Extraordinary General Assembly resolution of Mubasher Financial Consulting Company held on 07/10/2019;
and the memorandum prepared by the Central Directorate for Corporate Governance dated 12/11/2019;
and the approval of the Board of Directors at its meeting held on 21/11/2019.

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Articles

Article One

Approval is granted for Mubasher Financial Consulting Company to resume its securities consulting activities starting the day following the date of this Decision, with the company obligated to document its status by 27 February 2020, in accordance with the provisions of Board Decision No. 114 of 2019 and No. (83) of 2019 referenced above.

Article Two

This Decision shall be published on the Authority's website and shall take effect from the day following its issuance, and the competent authorities shall each implement it as pertaining to them.

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Chairman of the Board of Directors
Dr. Mohamed Omran

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Smart Village, Building 136, Giza, Egypt
Postal Code: 110
Tel: +202 3534530
Fax: +202 35370036
WWW.FRA.GOV.EG

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