Regulatory Alerts2007-01-01
Decision No. 14 of 2007 on Financial Adequacy Criteria for Securities Companies (As Last Amended)
The Capital Markets Authority issued Decision No. 14 of 2007 (last amended on November 30, 2023) to establish mandatory financial adequacy criteria for securities companies operating in Egypt. The decision mandates compliance with minimum paid-up capital thresholds, detailed net liquid capital calculations using hair-cut rates and mark-to-market valuations, and specific equity requirements for specialized activities such as brokerage, custody, and market making. It further prescribes standardized reporting models, weighting factors for assets and liabilities, off-balance sheet adjustments, and support loan deductions to ensure continuous financial stability and risk mitigation across the securities sector.
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