FRA Extends the Deadline for Submitting Financial Statements Ending in December until the End of April – Thursday 20 February 2025

  • This decree eases the burden on listed companies and non-bank financial entities.

 

The Financial Regulatory Authority (FRA), chaired by Dr. Mohamed Farid, issued Decree No. 38 of 2025, extending the deadline for annual financial statement submissions for listed companies and entities under FRA supervision to April 30, 2025. This decree reflects FRA’s commitment to foster a supportive business environment.

According to Article 1 of the decree, listed companies and entities under the Authority’s supervision shall submit their financial statements for the fiscal year ending December 31, 2024, by the extended deadline of April 30, 2025 rather than March 31, 2025.

This decree is based on a review of several key legal and regulatory instruments, including Law No. (10) of 2009 regulating non-bank financial markets and instruments; Presidential Decree No. (192) of 2009 promulgating the Statute of the Financial Regulatory Authority; and the Authority’s Board of Directors Decree No. (11) of 2014 on listing and delisting rules of securities on the Egyptian Stock Exchange.

The second article of this decree mandates its publication in the official Egyptian Gazette and on the websites of both the Financial Regulatory Authority (FRA) and the Egyptian Exchange.  The decree will take effect the day after its official publication.

It is worth noting that the Financial Regulatory Authority is moving forward with issuing the necessary regulations, bylaws and legislations that enable non-bank financial institutions to grow, develop and achieve their financial and operational objectives. This is being done while fully focusing on ensuring the financial stability of markets, the integrity and regulation of transactions and carefully balancing the rights of all stakeholders involved. FRA is also providing the means, systems and issuing rules that guarantee the efficiency of these markets and the transparency of its activities, to enhance the role of non-bank financial activities in the national economy.

Last modified: February 23, 2025
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