Regulatory Alerts2011-01-01
EFSA Board Decision No. 80 of 2011 Regarding the Regulation of Execution and Marketing Branches of Securities Brokerage Companies
The Egyptian Financial Supervisory Authority (EFSA) issued Decision No. 80 of 2011 to regulate the registration, licensing, and operational requirements for execution and marketing branches of securities brokerage companies. The decision establishes distinct categories for branches, mandates specific capital adequacy thresholds, and requires robust internal control systems and electronic signature protocols to ensure market integrity and client protection. It further outlines strict procedural obligations for online trading, including identity verification and the prohibition of sharing authentication tools among clients.
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