الهيئة العامة للرقابة المالية

• The decision comes to facilitate listed companies and entities operating in the non-banking financial sector

Within the framework of FRA’s efforts to support business growth, the Authority has issued Decision No. 94 of 2024. This decision extends the deadline for submitting financial reports by companies listed on the Egyptian Stock Exchange and other institutions under its supervision.

According to Article 1 of the said decision, companies listed on the Egyptian Stock Exchange and other institutions under FRA’s supervision  have more time to file their financial reports for the period ending March 31^st , 2024. The new deadline is May 30^th , 2024.

This decision to extend the filing deadline is supported by several existing regulations:

• Law No. (10) of 2009 on regulating non-banking financial markets and
• Presidential Decree No. (192) of 2009 on issuing FRA’s  Statute Regulations
• FRA Board Decision No. (11) of 2014regarding listing and delisting rules

In addition, Article 2 of the same decision stipulates that the decision shall be published on the Egyptian Gazette and on the websites of both Financial Regulatory Authority and the Egyptian Stock Exchange. It shall be applied from the day following its issuance.

It is worth mentioning that FRA is committed to fostering the growth and development of non-bank financial institutions. It introduces new regulations and legislation to help these institutions achieve their financial and operational goals with full emphasis on ensuring financial stability of markets and integrity of transactions. In addition, FRA aims to strike a balance among all participants (investors, institutions, etc.) while also ensuring the markets function smoothly (efficiency) and all transactions are clear and open (transparency). This will ultimately help non-bank financial activities play a more significant role in the Egyptian economy.