About the Fund
The origin of the fund is due to the legislator’s consideration when drafting the Capital Market Law No. (95) of 1992, especially Article (23) when it stipulated that a special fund shall be established with legal personality to insure dealers against non-commercial risks arising from the activities of companies operating in the field of securities, provided that the establishment of this fund shall be by a decision of the Prime Minister upon the proposal of the Minister and the proposal of the Board of Directors of the Authority, and that the decision establishing the fund includes its management system and its relationship with its member companies and the percentage of each of them in its resources, the rules for spending and investing these resources, the risks insured by the fund and the bases for compensation for them..
About Coverage
Compensate those affected for actual direct financial losses resulting from the malpractices of member companies resulting from non-commercial risks in accordance with the Fund’s business rules, not exceeding the maximum compensation limit.
Covered Perils (Non-Commercial Risks)
Risks resulting from a breach by a member company that is beyond the control of the injured plaintiff, resulting in personal and direct financial losses to the injured plaintiff, and these covered risks are limited to the following:
Membership
The continuation of the activity of companies operating in the field of securities and companies with listed securities or financial instruments is one of the main pillars of the success of the capital market system, and for the continuation of this requires enhancing the confidence of those dealing with these companies by protecting their investments with these companies, the fund was established to include in its membership all companies operating in the field of securities and financial instruments and companies with listed securities or financial instruments on the Egyptian stock exchanges.
Financial Success For Any Person or Organization.
90 k
Happy Customers
213 +
Media Activities
858 +
Completed Projects
15 +
Years of Experience
Awareness
The Fund aims at protecting and educating dealers in the securities market and achieves prior protection therefor, in light of what is indicated in Article (26) of its articles of association, through investing a portion of the Fund’s surplus amounts of money that does not exceed (1%) of the volume of money available therein. The Board of Directors of the Fund shall prepare annual studies that determine the aspects of expenditure and the estimated cost while laying down the terms of benefiting therefrom, in a way that serves the related member companies and achieves equality of opportunity in its respect. Such programs shall be announced an adequate time before their implementation and shall be notified to the Financial Regulatory Authority.
Legislation
- Prime Minister’s Decree No. (2339) for the year 2019 reorganizing the Fund’s work.
- Resolution of the Authority’s Board of Directors No. (32) for the year 2021 issued concerning the articles of association of the Fund.
- Law No. (95) for the year 1992 promulgating the Capital Market Law.
- Decree of the Minister of Economy No. (135) for the year 1993 promulgating the executive regulations of the Capital Market Law.
- Resolution of the Financial Regulatory Authority No. (11) of the year 2014 regarding the rules of listing and delisting securities in the Egyptian stock exchange.
