Regulatory Alerts2021-01-01
Decision of the Board of Directors No. (201) for the Year 2021
The Financial Regulatory Authority issued Decision No. (201) of 2021 to establish a five-working-day settlement period for trading operations on shares listed on the Egyptian Exchange for companies under liquidation. This timeframe applies specifically to the interval between initiating trades and completing settlement, as stipulated under Laws No. 10 of 2009 and No. 93 of 2000. The decision takes effect the day after issuance and is published in the Egyptian Gazette alongside the Authority's and Exchange's official websites.
FINANCIAL REGULATORY AUTHORITY
Chairman of the Authority
Decision of the Board of Directors No. (201) for the Year 2021 dated 30/11/2021
Regarding the determination of the period between conducting trading operations on shares listed on the Egyptian Exchange for companies under liquidation and completing their settlement
Board of Directors of the Financial Regulatory Authority Having reviewed Law No. (10) of 2009 regulating supervision over non-banking financial markets and instruments; and Law No. (93) of 2000 on Central Depository and Registration of Securities and Financial Instruments; and upon the approval of the Authority's Board of Directors in its session held on 30/11/2021;
decided
(Article One) The period between conducting trading operations on shares listed on the Egyptian Exchange for companies under liquidation and completing their settlement is determined to be five working days.
(Article Two) This Decision shall be published in the Egyptian Gazette and on the websites of the Authority and the Egyptian Exchange, and shall take effect from the day following its issuance date.
Chairman of the Board of Directors of the Authority Dr. Mohamed Omran
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