H
ASSOUNA & ABOU ALI 

Attorneys At Law
Cairo, Egypt

   
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Legal Bulletin

Prime Minister Heads Financial Non-Bank Services

10/1/2012

President Mohamed Morsi transferred the supervision of the Financial Services Authority and the Stock Exchange to the Prime Minister, Dr. Hisham Kandil, who became the competent minister for the FSA and Egypt Stock Exchange pursuant to decree 181 for 2012. The decree includes the activities of the stock exchange and capital market, insurance and real estate financing. The role of the Ministry of Investments is limited to GAFI under Law 8 of 1997 and the Public Business Sector companies under Law 203 of 1991.

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