Regulatory Alerts2013-01-01
Circular No. (2) of 2013
The Egyptian Financial Supervisory Authority (EFSA) mandates all licensed securities companies with research units to submit electronic copies of their published reports, analyses, and investment recommendations to the Authority on the first business day of issuance. This requirement applies to any document distributed to clients or the market that contains direct or indirect buy, sell, hold directives, or fair/target valuations for Egyptian or foreign securities listed on the Egyptian Exchange. Compliance begins on October 7, 2013, and the submission process does not constitute EFSA endorsement of the content nor does it limit the Authority's independent power to enforce legal measures when necessary.
Share