Regulatory Alerts2015-01-01
Board of Directors Decision No. (74) of 2015
The Egyptian Financial Supervisory Authority issued Decision No. 74 of 2015 to permit the sale of shares and complex index fund documents on the Egyptian Exchange on the day following their purchase (T+1). The regulation mandates that the Egyptian Exchange and the Central Depository and Registration Company implement automated systems to reserve sellable quantities from pending settlement balances, restricting access to approved brokerage firms and requiring sales to be executed through the original purchasing firm. It establishes fee caps aligned with same-day trading, grants the Exchange monitoring and cancellation authority, and empowers the Authority to suspend firms for market stability or participant protection.
Share