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The Egyptian Financial Supervisory Authority shall replace the Capital Market Authority effective 1-7-2009.
 
     


Legal Framework 

Board of Directors Decisions
The Board of Directors is the authority responsible for conducting the Authority's affairs. Decrees of the Board in this respect are final. It may adopt such decrees as may deem necessary to achieve the objectives for which the Authority has been established, and in particular shall:
  1. Formulate the policy guidelines for conducting the Authority's duties, related plans and programs.
  2. Stipulate inspection and surveillance rules over companies governed by the provisions of this law.
  3. Determine fees to be charged for the services provided by the Authority.
  4. Define the rules governing the use of experts and the seeking of consultancy services which would assist the Authority to perform its functions.
  5. Approve the annual budget of the Authority.
The Board shall be assigned, in managing the authority the responsibilities specified by Law 73 of 1976. The Decrees of the CMA board of directors are supplementary to provisions of Law 95\1992 and its Executive Regulations and Depository and Central registry Law 93\2000 and its Executive Regulations as well as related ministerial decrees.
Type : Issue Year :
Membership Rules of CASE
Listing & Delisting Rules at Case
 
 
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