Regulatory Alerts2019-01-01
Decision No. 33 of 2019 of the General Authority for Financial Supervision Board of Directors
The General Authority for Financial Supervision (FRA) issued Decision No. 33 of 2019 to establish the licensing framework, conditions, and operational procedures for futures exchanges trading derivatives of listed securities. The regulation mandates minimum capital requirements, corporate governance standards, robust risk management and IT infrastructure, and strict reporting obligations for both newly established joint-stock companies and the Egyptian Exchange conducting the activity directly. It further stipulates audit requirements, cash insurance deposits, and regulatory approval mechanisms to ensure market transparency, financial stability, and compliance with Egyptian capital market laws.
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