Financial Regulatory Authority Board Decision No. (48) of 2023

FINANCIAL REGULATORY AUTHORITY
Chairman of the Authority

Decision of the Board of Directors of the Financial Regulatory Authority No. (48) for the Year 2023, Dated 8/3/2023 Regarding the Voluntary Suspension of Prismas Securities Brokerage Company's Activity

Board of Directors of the Financial Regulatory Authority

Having reviewed the Capital Market Law issued by Law No. (95) of 1992; and the Law No. (10) of 2009 regarding the regulation of supervision over non-banking financial markets and instruments; and Presidential Decree No. (192) of 2009 regarding the Basic Law of the Financial Regulatory Authority; and the Authority's Board Decision No. (194) of 2018 regarding the conditions and controls for the voluntary suspension of activities of companies operating in the securities sector, and its amendments; and the Ordinary General Assembly resolution of the Company held on 29/12/2022 to temporarily suspend the company's activity for one year; and the memorandum prepared by the Central Department of Corporate Governance dated 05/03/2023; and the approval of the Authority's Board in its session held on 08/03/2023.

IT IS DECIDED THAT:

(Article One)
The voluntary suspension of the activity of Prismas Securities Brokerage Company for one year, effective from the date of the Ordinary General Assembly meeting held on 29/12/2022, in accordance with Article 33 of the Capital Market Law issued by Law No. 95 of 1992.

(Article Two)
This Decision shall be published on the stock exchange announcement screens and the Authority's website, and shall take effect from the day following its issuance. The concerned authorities are tasked with implementing it according to their respective jurisdictions.

Chairman of the Board of Directors
Financial Regulatory Authority
Dr. Mohamed Fared Saleh

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