EFSA issues New regulatory Measures for the IPO procedures

 Published on: --2018

FRA’s BOD decided that companies wishing to offer its shares, whether existing shares or capital increase shall be registered at FRA’s registry first before being listed at the Egyptian Exchange. Also, FRA’s BOD decision stated that companies shall meet the requirements set fo...
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The Financial Regulatory Authority’s Board Approves several important Amendments to Mutual Funds

 Published on: --2018

FRA’s Board approved number of important amendments to the Executive Regulations of the Capital Market Law. The amendments to the real estate investment trusts (REITs) included increasing the percentage in which the (REITs) may invest their funds in one project to be 50% if the size of th...
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The Financial Regulatory Authority (FRA) requires the approval of the Company’s General Assembly before purchasing Treasury Shares

 Published on: --2018

FRA’s Board of Directors issued a regulatory decision after gaining the Board’s approval. The said decision requires obtaining the approval of the company’s General Assembly upon purchasing treasury shares where the percentage of ownership or voting rights of a shareholder or...
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In the first meeting of the Capital Market Advisory Committee: The Authority adopts the market proposal to amend some rules related to intraday trading

 Published on: --2018

FRA agreed in principle on the Capital Market Advisory Committee’s recommendation to regulate the rules governing intraday trading mechanism, which increase the maximum limit of THE client to be 1/10000 instead of 20000/1 and allowing him to repeat dealing within the said percentage dur...
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