Ministry of Investment

The Minister

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Decision

Minister of Investment
No. (421) for the year 2008
Regarding the determination of brokerage commissions, securities registration fees, and service fees for exchange operations

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The Minister of Investment;
After reviewing the Capital Market Law issued by Law No. 95 of 1992, and Law No. 123 of 2008 amending some provisions of the Capital Market Law issued by Law No. 95 of 1992, and Presidential Decree No. 231 of 2004 organizing the Ministry of Investment, and Decision of the Minister of Economy and Foreign Trade No. 135 of 1993 issuing the Executive Regulation of the Capital Market Law and its amendments, and Decision of the Minister of Investment No. 258 of 2007 regarding the determination of brokerage commissions, securities registration fees, and service fees for exchange operations, and upon the proposal of the Board of Directors of the General Authority for the Capital Market in its meeting No. (8) held on 27/8/2008.

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Decided

(Article One)

An agreement shall be reached between the brokerage firm and its clients regarding the commission it charges for the transactions it executes on behalf of its clients, provided that the minimum commission shall not be less than two pounds per invoice. For the purpose of applying the provisions of this Decision, "invoice" refers to the value of the contract executed on a specific security for a specific client, even if executed across multiple transactions on the exchange during the same trading session.

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(Article Two)

The exchange shall charge a service fee for each transaction conducted therein at the following rates:

(1) One ten-thousandth (0.01%) of the value of each transaction conducted on securities listed on the exchange, with a maximum cap of five thousand pounds. The fee is due from both the seller and the buyer, and the brokerage firm executing the transaction shall collect it and remit it to the exchange within three business days from the date of the transaction's execution on the exchange.

(2) One thousandth (0.1%) of the value of each transaction conducted on unlisted securities, with a maximum cap of five thousand pounds.
The fee is due from both the seller and the buyer, and the brokerage firm executing the transaction shall collect it and remit it to the exchange within three business days from the date of the transaction's registration on the exchange and before the exchange issues to the concerned party a document confirming the complete transfer of ownership.

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(Article Three)

Each company or issuing entity shall pay an annual fee for the registration of each share issuance at a rate of two thousandths (0.2%) of the value of each issuance registered for it, with a maximum cap of fifty thousand pounds and a minimum of ten thousand pounds.

For other securities other than shares, the rate shall be seventy-five ten-thousandths (0.75%) of the value of each issuance, with a maximum cap of fifty thousand pounds and a minimum of five thousand pounds.

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(Article Four)

The fee referred to in the preceding article shall be paid in January of each year, with the fee calculation upon initial registration covering the remaining portion of the year plus the period until December of the following year.

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(Article Five)

Decision of the Minister of Investment No. 258 of 2007 regarding the determination of brokerage commissions, securities registration fees, and service fees for exchange operations is hereby repealed.

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(Article Six)

This Decision shall be published in the Official Gazette, and shall take effect from the day following its publication. All provisions contradicting it are hereby repealed.

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Minister of Investment
Dr. Mahmoud Mohieddin

Dated: 27/8/2008
Marwa Zaki