Aggregated News From Investment Management Regulators

FRA decided to postpone the elections of Misr for Central Clearing, Depository and Registry (MCDR)

Report/Flag

Please complete the required fields.



Consultant / Reda Abdel-Moaty – FRA  Deputy Chairman stated  that regarding the invitation from Misr for Central Clearing, Depository and Registry (MCDR)  to hold the Ordinary General Assembly meeting on 30/7/2018 at Helnan Landmark Hotel to select the Chairman of the Company for a period of four years (2018-2022).

 And as on 28/7/2018, a judgment of (the Appeals Chamber) in the First Circuit of the Supreme Administrative Court was issued in Appeal No. 76644 – 64  which was issued by Mr. Mohamed Soliman Abdulsalam to suspend the execution of the contested judgment issued by  the Administrative Court  in case No. 46959 of  72 of its session  dated 30/6/2018 – including suspending  the implementation of the contested decision and decided to refer the appeal to the First Circuit of the Supreme Administrative Court  on 25/8/2018.

 Whereas, Mr. Ashraf Al-Dabaa has filed an objection regarding implementing the judgment of the Appeals Chamber of the Supreme Administrative Court referred to in No. 84169 of year 64, requesting the suspension of the judgment referred to.

 As Mr. Mohamed Abdulsalam also filed a (reversed) objection to implement the above-mentioned judgment no. 76644 of the year 64, requesting the implementation of the judgment issued by the Supreme Administrative Court (Appeals Chamber).

 Based on the above , FRA’s  Board decided to cancel (MCDR) General Assembly Meeting  which was  scheduled to be held tomorrow 30/7/2018 until studying the issue  and implementing  the implications of the judgments, objections and appeals referred to . The Managing Director and the Acting Chairman of Misr for Central Clearing, Depository and Registry (MCDR) shall be notified.
 

Source link

Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

Recent Articles

Directive for the beneficial ownership register of express trusts and similar legal arrangements

See the Press Release published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

RichmondSuper

Attention! The FMA warns investors against concluding transactions with: RichmondSuper https://www.richmondsuper.com (Link to external page. Opens in new window.) [email protected] [email protected] [email protected] [email protected] [email protected] (Link to external page. Opens in new window.) This provider...

Hardson Becker Global

Attention! The FMA warns investors against concluding transactions with: Hardson Becker Global with its registered address apparently in Hangzhou, China www.hardson.com This provider is not authorised to carry...

“Let’s talk about money” – money laundering: how illegal assets are given a legal appearance

In the latest edition of its consumer information series, “Let’s talk about money” the Austrian Financial Market Authority (FMA) explains about the term money...

Chair Powell will host town hall with educators August 2, 2021 at 4 p.m. EDT

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

Get the latest from Regulatory.News in your inbox!

×