Regulatory Alerts2017-01-01
Capital Market Authority Board Decision No. (17) of 2017 Concerning Trading, Proof of Ownership Transfer, and Disclosure for Securities Not Listed on the Egyptian Exchange Tables
The Financial Regulatory Authority (FRA) issued Board Decision No. (17) of 2017 to establish a regulatory framework for trading, proof of ownership transfer, and disclosure of securities not listed on the Egyptian Exchange. The decision mandates the Exchange to implement automated systems for these transactions, report any trading or ownership violations within two working days, and issue executive procedures subject to the Authority's approval. It explicitly repeals six prior capital market decisions and clarifies that unlisted securities operate outside standard listed-security protections, such as closing prices, price limits, and mandatory financial disclosures.
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