Regulatory Alerts2021-01-01
Financial Regulatory Authority Board of Directors Resolution No. (82) for the Year 2021 Regarding the Regulation of Intraday Trading on Bonds Listed on the Egyptian Exchange
The Financial Regulatory Authority issued Resolution No. (82) of 2021 to authorize and regulate intraday trading for bonds listed on the Egyptian Exchange. The resolution permits same-day settlement and clearing, enabling licensed brokerage firms to sell all or part of bonds purchased within the active trading session. It mandates the implementation of automated systems and real-time cancellation protocols by the Exchange and Central Depository, alongside compulsory daily automated reporting of trading data to the Authority.
Share