Title: Circular No. (15) of 2025 Regarding Submission of the Report of Evaluating and Reviewing the Internal Audit Systems (ICR) through the Electronic Portal of the Capital Markets Authority

Further to CMA Circular No (11) of 2016 issued on 09/11/2016 on the Annual Report of Evaluating and Reviewing the Internal Audit Systems in Compliance with Module Fifteen (Corporate governance) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments, and to the provision of Article (6-9) of Chapter Six (Rule V: Apply Sound Systems of Risk Management and Internal Audit) of the same Module, which stipulates that an independent audit firm shall be assigned to evaluate and review the internal audit systems and prepare a report in this regard (Internal Control Report), which shall be submitted to the CMA per annum, no less than 90 days from the end date of the financial year.

As part of the CMA’s pursuit to be in line with the best practices in the procedures digitalization fields, which shall enhance the business efficiency and enable the entities subject to the CMA’s supervision for complying with the provisions of the Law, you are required to submit the mentioned report through the CMA electronic portal in accordance with the designated form, starting from the date of issuance of this Circular.

Emad Ahmed Tifouni
Issued on: 16/06/2025.

Copy of the Official Document