2007-01-01

FRA Book No. 39 of 2007 on Brokerage Companies Financing Client Purchases via Post-Dated Checks

The Financial Regulatory Authority (FRA) issued Book No. 39 of 2007 to authorize brokerage companies to finance client purchases in exchange for retaining post-dated checks. This regulation establishes the legal framework for securing financing obligations through negotiable instruments drawn by borrowers. It standardizes operational practices, ensuring that brokerage firms can effectively manage client credit while maintaining clear ownership of the underlying checks.

Egypt

Financial Regulatory Authority Egypt

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Home Uncategorized كتاب رقم 39 لعام 2007

كتاب رقم 39 لعام 2007

بشأن قيام شركة السمسرة بتمويل عمليات الشراء لبعض العملاء مقابل الاحتفاظ بشيكات اجلة مسحوبة على العملاء

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