Regulatory Alerts2009-01-01
FRA Circular No. 49 of 2009 on Complete Separation of Activities within the Egyptian Exchange
The Financial Regulatory Authority issued Circular No. 49 of 2009 to mandate the complete separation of financial activities provided by licensed companies to their clients within the Egyptian Exchange. The directive requires market participants to structurally and operationally segregate their core services, ensuring independent execution of client orders without conflicts of interest. This regulatory framework applies to all entities operating on the Egyptian Exchange, establishing clear compliance standards and operational boundaries for sustained market integrity.
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