This amendment enables closed investment fund companies to issue multiple batches of documents, streamlining the establishment and operational processes associated with investment funds. 223 introduces amendments with the objective of expanding the range of entities eligible to engage in investment fund activities. These entities are now able to participate in investment fund activities alongside banks, insurance companies, and investment banks. 224 implements amendments that simplify the requirements for conducting investment fund activities. It allows for the issuance of multiple batches of fund documents, eliminating the need to establish and license separate independent investment fund companies for each fund.

Source: Egypt Today December 18, 2023 00:03 UTC