Regulatory Alerts2022-01-01
Decision of the Board of Directors of the Financial Regulatory Authority No. 169 of 2022
The Financial Regulatory Authority issued Decision No. 169 of 2022 to voluntarily suspend the trading activities of Horus for Securities Trading Company for one year, effective from the decision's issuance date. The suspended company must deposit clients' due balances into the Investor Protection Fund, submit a detailed statement of client names and corresponding balances, and retain the right to provide supporting documents upon client claims. This decision is published on the stock exchange screens and the Authority's website, taking effect the day after issuance, with all relevant authorities mandated to implement their respective obligations.
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