Regulatory Alerts2013-01-01
Decision No. 8005 of 2013 on Technology Infrastructure and Information Systems
The Egyptian Financial Supervisory Authority issued Decision No. 8005 of 2013 to establish mandatory minimum technology infrastructure and information systems standards for securities brokerage companies. The regulation repeals previous fragmented directives and mandates compliance with specific requirements for connectivity, server configurations, cybersecurity, disaster recovery, and system logging by December 31, 2013. It further imposes stringent online trading controls, including mandatory multi-factor authentication, electronic signature integration, session management rules, and real-time client transaction notifications to ensure market integrity and data security.
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