{"id":622713,"date":"2018-10-10T05:44:45","date_gmt":"2018-10-10T05:44:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/fra-lays-claim-to-pe-industry\/"},"modified":"2018-10-10T05:44:45","modified_gmt":"2018-10-10T05:44:45","slug":"fra-lays-claim-to-pe-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/fra-lays-claim-to-pe-industry\/","title":{"rendered":"FRA lays claim to PE industry"},"content":{"rendered":"

<\/a> ** #8 REGULATION WATCH- FRA lays claim to PE industry: <\/strong>The Financial Regulatory Authority (FRA) has released licensing guidelines for private equity firms and funds, Youm7 reports<\/a>. Conditions for a license to run a private equity firm or fund include minimum capital of EGP 10 mn and a firm\u2019s general partner holding a minimum stake of 0.5% of the value of any fund it raises. The GP must also have 3-5 years of experience working in the financial sector, depending on the level of academic training, can never have previously filed for bankruptcy, and must have a clean criminal record. If our reading of Youm7 is correct, the guidelines bar the managers of PE firms from making personal gains from a fund\u2019s investments, suggesting PE professionals may not be allowed to personally invest in their own transactions<\/strong>. Let us know if we\u2019re off here and you have the inside scoop?<\/p>\n

Background: <\/strong>The Investment Ministry had issued in June<\/a> a directive making the FRA the primary regulator for the private equity industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

** #8 REGULATION WATCH- FRA lays claim to PE industry: The Financial Regulatory Authority (FRA) has released licensing guidelines for private equity firms and funds, Youm7 reports. Conditions for a license to run a private equity firm or fund include minimum capital of EGP 10 mn and a firm\u2019s general partner holding a minimum stake […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622713","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2e2bd347-86a7-40e0-9f80-f82483455792","order":"0","is_powered_by":true,"section_story_id":"4e0c65c0-42af-4a13-98df-473ac602eff0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622700],"teaser":"","voice_url":""},"yoast_head":"\nFRA lays claim to PE industry - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/10\/fra-lays-claim-to-pe-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA lays claim to PE industry\" \/>\n<meta property=\"og:description\" content=\"** #8 REGULATION WATCH- FRA lays claim to PE industry: The Financial Regulatory Authority (FRA) has released licensing guidelines for private equity firms and funds, Youm7 reports. 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