Regulatory Alerts2018-01-01
Decision No. 66 of 2018 of the Authority's Board of Directors
The Egyptian Financial Regulatory Authority (FRA) issued Decision No. 66 of 2018 to mandate precautionary trading suspensions for clients under investigation for violating Egyptian exchange trading regulations. The decision empowers the regulator to halt a client's securities purchases for an initial period of up to three months, extendable to a maximum of six months if criminal proceedings are initiated, unless overridden by judicial rulings or internal appeals. This directive formally repeals prior Board Decisions No. 40 and 123 of 2017 and becomes effective immediately upon official publication.
Share