Wikiprocedure

Egypt - Obtain Fund Manager License

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ProcedureEdit

Apply In-Person:

  1. To Obtain Fund Manager License in person, the applicant has to approach the Central Bank of Egypt.
  2. Address and contact details can be found in the following Contact link
  3. Applicant must obtain the application form from the relevant department.
  4. Applicant should read carefully in the application form, after all details must be filled in the application form.
  5. The applicant has to make sure he or she has all the required documents that are required for this process to be successful and they can be found under the "Required Documents" section of this page.
  6. Payment of appropriate fees should be made and that can be found under the "Fees" section of this page.
  7. Submit the completed forms along with the supporting documents at the respective office for verification and processing.
  8. If all the above mentioned procedures were followed properly by the applicant, the application form will be viewed by concerned authorities and the applicant will be notified regarding their license.
  9. On completion of this process, the Authority will notify the applicant on any outstanding issues 14 working days after lodging an application and if there are no issues, the Authority will issue to the applicant a license within 25 working days.



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Required DocumentsEdit

  • Completed application form
  • Certificate of incorporation
  • Memorandum and articles of association
  • Business plan complying with the requirements
  • A statement of the un-audited accounts for the period of accounting year ending not earlier than six months prior to the date of application and audited annual accounts for the preceding two years
  • A declaration by the directors as to whether after due enquiry by them in relation to the interval between the date to which the last accounts have been made and a date not earlier than fourteen days before the date of the application
  • A copy of the bank guarantee to be lodged with the securities exchange or the central depository (where applicable).
  • A declaration by persons authorized as prescribed to accompany the application form



Office Locations & ContactsEdit

Central Bank of Egypt
Map. Address: 54 El Gomhoureya St. 11511, 
Cairo Governorate, Egypt.
E-mail: [email protected];
Contact number of Central Bank of Egypt: 02 27702770.
Telephone: 16777.
Contact link

EligibilityEdit

  • No person is allowed to carry on or hold himself out as carrying on business as an investment adviser unless he is approved as such by the Authority.



FeesEdit

  • Application fee: EGP 1,000



ValidityEdit

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever



Documents to UseEdit

Please attach documents that can be used by people. e.g. links



Sample DocumentsEdit

Please attach sample completed documents that would help other people.



Processing TimeEdit

  • The Processing time for obtain fund manager license is up to 20 to 25 working days.



Related VideosEdit

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.



InstructionsEdit

  • An application for a license or for the license should be made to the Authority in the prescribed form and should be accompanied by the prescribed fee and in the case of an application for the renewal of a license, may be made within three months but not later than one month prior to the expiry of the license.
  • The Authority may require an applicant to supply such further information as it considers necessary in relation to the application.
  • A license is only be granted if the applicant meets and continues to meet such minimum financial and other requirements as may be prescribed by the Authority.
  • The Authority may grant a license to such conditions or restrictions as it thinks fit and the Authority may, at any time by written notice to a license holder, vary any condition or restriction or impose further conditions or restrictions.



Required InformationEdit

  • Name of company
  • Registered office
  • Date of incorporation
  • Address
  • Email
  • Location, address and telephone number of principal offices.
  • Location, address and telephone number of branch offices
  • Details of capital structure
  • Directors
  • Particulars of other directorship(s) of the directors and secretary.
  • Particulars of shares held by directors or secretary in other companies
  • Business references
  • Profile of the chief executive and key employees in the applicant company
  • List the office facilities of the applicant



Need for the DocumentEdit

  • A fund manager is a manager of a collective investment scheme, registered venture capital company or an investment adviser who manages a portfolio of securities in excess of an amount prescribed by the Authority from time to time.



Information which might helpEdit

Enter other information’s which might help.


Other uses of the Document/CertificateEdit

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.



External LinksEdit

Place some external links which might help.



OthersEdit

More information which might help people.



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