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FRA receives financial statements from companies and entities via e-mail for the first time

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With a view to simplifying procedures and speeding up transactions, in order to save time and effort, FRA decided to receive periodical and annual financial statements through the following e-mail ([email protected]) and hard copies will be submitted to FRA in ways that are legally followed. Provided that the prescribed legal dates shall be counted once the receipt of the e-mail arrives.

FRA calls upon the companies and entities to quickly send its e-mail and their contact officers to facilitate the process of communicating with different market parties on the same e-mail.

The e-mail sent to the Authority shall constitute an acknowledgment of the validity of the data and information provided in this regard, and the e-mail sent by the Authority shall constitute a notification of receipt.

In light of FRA’s role pursuant to the provisions of Law No. 10 of 2009 on regulating non-banking financial markets and instruments, FRA is working on the safety and stability of non-banking financial markets and is enhancing its development. In addition, it strikes a balance among dealers’ rights, provides all means and systems and issues the rules to ensure efficiency of these markets and transparency of their activities.

In light of the provisions of Article 6 of Capital Market Law No. 95 of 1992, companies offer their securities in a public offering, shall abide by the rules and requirements stated in the said article. 
 

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Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

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