FRA issues new EGX listing requirements
The Financial Regulatory Authority (the “FRA”) passed on 12 September 2021 decree No. 142 for the year 2021 amending Decision No. 11 of 2014 which regulates the rules for listing and delisting securities (the “Listing Rules”) on the Egyptian Stock Exchange (the “EGX”) (the “Amendments”). In an attempt to facilitate the listing of large companies […]
read moreThe New Law Regulating Fisheries Activities and the Protection and Development of Lakes
Lakes and waterfronts are a vital natural resource that are economic and environmental assets in Egypt. Their significance has been recognized by legislators through the ratification of Law No. 146 for the year 2021 on the Protection and Development of Lakes (the “Law”). The Law aims to protect waterfronts including lakes, ponds and their surrounding […]
read moreShedding light on the long-awaited Executive Regulations of the Social Insurance Law
With a focus shifted towards digitalizing and modernizing public services, the much-anticipated Executive Regulations of the Social Insurance Law have been enacted and provide the framework for an e-based filing system in Egypt. The primary goal of the new social insurance system is to provide a unified regulatory framework for the State’s subjects and government […]
read moreThe New Law encouraging Public-Private Partnerships
The private sector’s role is significantly noticeable in the Egyptian market, specifically in projects in the fields of infrastructure, energy, healthcare, and communications. Its significance has been further supported by the approval of the Parliament on 15 November 2021 of amendments to the Law on Private Sector Participation in Infrastructure and Public Services and Utilities […]
read moreCapital Gains Tax on Trading Listed Securities
Taxing capital gains generated from trading listed securities on the Egyptian Exchange (“CGT”) raised several difficulties concerning the subject and timing of its entry into force. The CGT, organized under the income tax law No. 91 of 2005 (the “Income Tax Law”), has been subject to consecutive amendments of late. This article examines Law No. […]
read moreNew Environmental and Social Disclosures: The FRA’s Strategy to Attract Green Investors
Global markets are progressively shifting to more sustainable business operations driving the need to establish tools to foster this shift. Shareholders and investors are becoming increasingly concerned with diverting their investments in corporations and projects with sustainable business models. As such, environmental and social reporting tools are developed to aid shareholders and investors to assess […]
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