Ministry of Investment

Decision No. 53 of 2016

Minister of Investment

Having reviewed the Law on Joint Stock Companies, Commandite Companies by Shares and Limited Liability Companies issued by Law No. 159 of 1981; and the Capital Market Law issued by Law No. 95 of 1992; and Law No. 10 of 2009 regulating supervision over markets and financial instruments;

non-Egyptian:

and Presidential Decree No. 177 of 2012 organizing the Ministry of Investment; and Presidential Decree No. 379 of 2015 forming the Ministry, amended by Presidential Decree No. 127 of 2016;

and Presidential Decree No. 387 of 2015 delegating certain authorities from the Prime Minister to be the Minister responsible for applying the provisions of Law No. 10 of 2009;

and Prime Ministerial Decision No. 909 of 2011 forming a committee to review Egyptian Accounting Standards and Egyptian Standards for Review and Limited Assurance;

and other assurance tasks;

and Prime Ministerial Decision No. 2573 of 2015 regarding the delegation to the Minister of Investment to exercise the authorities of the Minister responsible for applying the provisions of the aforementioned Law No. 10 of 2009;

and Minister of Investment Decision No. 243 of 2009 regarding Egyptian Accounting Standards;

and Chairman of the Board of Directors of the Financial Regulatory Authority Decision No. 220 of 2014 forming a committee to review Egyptian Accounting Standards and Egyptian Standards for Review and Limited Assurance;

and other assurance tasks;

and Ministerial Decision No. 110 of 2015 issuing the amended Egyptian Accounting Standards;

and the letter from the Chairman of the Financial Regulatory Authority dated 19/4/2016;

Decided:

(Article One)

The Egyptian Accounting Standard No. (46) regarding transitional provisions for certain amended Egyptian Accounting Standards is added to the amended Egyptian Accounting Standards.

(Article Two)

This Decision shall be published in the Egyptian Gazette and shall take effect from the day following its publication date.

Issued on 15/6/2016

Minister of Investment
Dalia Khoury