Aggregated News From Investment Management Regulators

FRA’s Board of Directors issued a decision regarding activating FRA’s supervision on the financial reports submitted by the listed companies

Report/Flag

Please complete the required fields.



• Dr. Omran: The decision aims to expand the umbrella of shareholders protection

Dr. Mohammed Omran- FRA’s Chairman stated that the Authority’s Board of Directors has issued a decision to amend some provisions of listing and delisting rules by adding the rules stipulated in Article 6 of Law No. 95 of 1992, which obligates each listed company to notify the Authority of the annual financial statements and the auditor’s report one month prior to the date set for the company’s general assembly and the Authority shall examine the documents referred to. Then, it shall inform the Company of its observations (if any) and ask the company to review the said documents in accordance with the results of the examination.

 If the company does not respond, therefore, when publishing the financial statements and the auditor’s report, it is obliged to enclose with them FRA’s observations and the requested amendments and the company shall bear publishing expenses. This comes in the light of FRA’s regulatory role in respect of the listed companies and the expansion of the umbrella of shareholders protection.
 

Source link

Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

Recent Articles

Aktualisierte Sanktionsmeldung

Das Staatssekretariat für Wirtschaft (SECO) hat eine Änderung der Verordnung vom 2. Oktober 2000 über Massnahmen gegenüber Personen und Organisationen mit Verbindungen zu Usama...

STOCKSBIT FXTRADES

This firm may be providing financial services or products without our authorisation. You should avoid dealing with this firm and beware of potential scams. Almost...

Remittance Advice against : Pawan Kumari Agarwal [Defaulter] PAN: ABOPA5019J in the matter of Sulabh Engineers & Services Limited., under Recovery Certificate No. 6619...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the Remittance Advice here: Source link "

Completion of Recovery Certificate No. 6684 of 2023 dated June 15, 2023 issued against Shreya Stocks & Shares Pvt. Ltd. (Now known as Omesh...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the details here: Source link "

Release Order – Shreya Stocks & Shares Pvt. Ltd. (Now known as Omesh Skill & Business Development Private Limited) [Defaulter] PAN: AAHCS4970M in the...

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the Order here: Source link "

Get the latest from Regulatory.News in your inbox!

×