The Egypt Financial Regulatory Authority has issued a decision setting reduced fees for depository, central registration and custody services provided by Misr for Central Clearing to parties using licensed digital platforms to invest in real estate investment fund certificates. The measure lowers costs for real estate fund issuers, platform managers and investors in the authority’s supervised digital real estate investment framework, with the stated aim of supporting wider retail participation and investment in property projects through fund certificates. For fund issuers, first-time listing and new issue registration fees are set at 0.25 per thousand, each capped at EGP 5,000, annual subscriptions at EGP 250 for companies with capital below EGP 5 million and EGP 2,500 for those at or above that level, and partial redemption at 0.25 per thousand capped at EGP 10,000, with total annual charges capped at EGP 500,000. Platform managers will pay no annual subscription fee, while investors that choose Misr for Central Clearing as custodian will pay a one-off EGP 25 contracting fee and an annual holding fee of 0.01 percent of market value capped at EGP 100 per portfolio for each issue. The authority also said it has received 11 applications for licences covering promotion and subscription activity in investment fund certificates and digital platform management, while four real estate investment funds were active with net assets of nearly EGP 9 billion at the end of the first quarter.