LAW No. 95 for 1992
PROMULGATING THE LAW
OF CAPITAL MARKET 

In the Name of the people
The President of the Republic
The People's Assembly sanctioned the law hereto and we promulgated:

I.	     FIRST ARTICLE 

The provisions of the law hereto shall be applicable with regard to the regulation of capital market.

The provisions of the law on Joint Stock Companies, Partnerships Limited by Shares Companies and Limited Liability Companies, promulgated by Law No. l59/l98l shall apply in such case where there is no specific provision hereunder.

SECOND ARTICLE 

In application of the provisions of the law hereto, the "Authority" or the "Administrative body" wherever they are stated in the law hereto and its executive regulations, or in the Law NO.l59/l98l and its executive regulations, shall mean "The Capital Market Authority"; The "Chairman of the Authority" shall mean the "Chairman of the Board of Directors of the Capital Market Authority”, and the "Minister" shall mean the "Minister of Economy and Foreign Trade".

II.	THIRD ARTICLE

Based on a proposal by the Chairman of Board of Directors of the Capital Market Authority, the Minister of Economy and Foreign Trade shall issue the executive regulations of the law hereto, within three months from its effective date.

Pending the act of issuing the executive regulations and the decrees implementing the law hereto, the provisions, rules and procedures, which are in force at the date of enactment of the law hereto, shall continue in force as much as they are not in discord with its provisions. 

III.	FORTH ARTICLE

With due regard to the provisions of Article 25 of the law hereto, the Law No. l6l/l957 on General Regulations of the Stock Exchange shall be abrogated.

Any provision in other laws countervailing the provisions of the law hereto, shall be abrogated.

FIFTH ARTICLE      

This law shall be published in the Official Gazette and enacted on the day following the date of publication.

This law shall be stamped with the seal of State and executed as one of its laws.
    
Issued at the Presidency on Zul-Hijja 21st., l412 H. (dated June 22, l992).

                                            Hosni Mubarak