Regulatory Alerts2017-01-01
Decision of the Board of Directors of the Authority No. (40) of 2017
The General Authority for Financial Supervision issued Decision No. 40 of 2017 to impose precautionary trading restrictions on clients violating Egyptian exchange regulations. The decision authorizes the suspension of violating clients' access to specialized activities like margin trading or same-day transactions, or limits them to buying-only operations for up to three months during investigations. Should criminal proceedings be requested, these restrictions persist until a final court ruling, prosecutorial dismissal, or settlement with the Authority occurs.
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