Regulatory Alerts2005-01-01
Minister of Investment Decision No. 192 of 2005
The Egyptian Minister of Investment issued Decision No. 192 of 2005 to amend Chapter Nine of the Executive Regulation of the Capital Market Law, establishing comprehensive regulatory frameworks for margin securities purchases and securities borrowing for short selling. The regulation mandates that custodians maintain minimum net capital thresholds, submit detailed approval applications, and implement strict daily reporting, internal controls, and client risk assessment procedures. It further imposes leverage limits, collateral valuation requirements, and forced liquidation protocols to safeguard market stability and protect investors.
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