Financial Regulatory Authority Board of Directors Decision No. 152 of 2021

The Official Gazette - No. 229 on October 13, 2021

The Financial Regulatory Authority

The Financial Regulatory Authority Board of Directors Decision No. 152 of 2021 Dated 29/09/2021 Amending the Financial Regulatory Authority Board of Directors Decision No. 3 of 2021 Regarding the Reorganization of Registration, Continuation, and Striking-off Rules in the Register of Accountants Auditors with the Authority

The Board of Directors of the Financial Regulatory Authority Having reviewed Law No. 10 of 2009 regulating supervision over non-banking financial markets and instruments; and the Financial Regulatory Authority Board of Directors Decision No. 3 of 2021 regarding the reorganization of registration, continuation, and striking-off rules in the register of accountants auditors with the Authority; and after the approval of the Authority's Board of Directors in its meeting held on 29/09/2021;

DECIDES:

( Article One )
The text of the fifth paragraph of Article Ten of the Financial Regulatory Authority Board of Directors Decision No. 3 of 2021 regarding the reorganization of registration, continuation, and striking-off rules in the register of accountants auditors with the Authority is replaced by the following:
Measures shall not take effect until approved by the Authority's Board of Directors, without prejudice to the right of an accountants auditor to appeal against measures issued concerning him/her before the appeal committees stipulated in laws governing non-banking financial activities.

( Article Two )
The third paragraph of Article Ten of the aforementioned Financial Regulatory Authority Board of Directors Decision No. 3 of 2021 is repealed.

( Article Three )
This Decision shall be published in The Official Gazette and on the Authority's electronic website, and shall take effect from the day following its publication date.

Chairman of the Board of Directors of the Authority Dr. Mohamed Omran