Regulatory Alerts2007-01-01
Minister of Investment Decision No. 292 of 2007 Adding Market Maker Activity to Securities Companies' Activities
The Egyptian Minister of Investment issued Decision No. 292 of 2007 to formally add the market maker activity to the permitted operations of securities companies under the Capital Market Law. The decree mandates a minimum cash capital of ten million Egyptian pounds for licensed entities and requires them to provide continuous liquidity by maintaining bid-ask spreads and trading volumes within exchange-defined limits during official trading hours. Additionally, it establishes operational standards for order submission, price realism, and the use of margin buying and securities borrowing, all subject to direct oversight by the General Authority for the Capital Market.
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