Ministry of Investment forms committee to study amendments to Capital Market Law

The Ministry of Investment formed a committee headed by minister Dalia Khorshid to study proposed amendments to the Capital Market Law promulgated by Law No. 95 of 1992.
The committee shall examine the proposed amendments to the law by the Egyptian Financial Supervisory Authority (EFSA), and various observations by stakeholders, as well as hold a community dialogue to shape the final amendments within one month from the date of the decision.

Khorshid said that the law's amendments come as part of the ministry's plan to implement the legislative reform agenda to prepare the investment climate to facilitate the financingofprojects, in collaboration with all relevant ministries and authorities in order to pass laws that have been negotiated over with the business community.

The committee includes the chairperson of the EFSA, chairperson of the General Authority for Investment and Free Zones (GAFI), and representatives from the Central Bank of Egypt (CBE), the ministries of justice, finance and legal affairs, the House of Representatives, and the Egyptian Exchange (EGX).