Regulatory Alerts2021-01-01
Board of Directors Decision No. 23 of 2021 Regarding Trading Regulations for Youth Aged 16 to Under 21 in Securities Listed on the Egyptian Exchange
The Financial Regulatory Authority of Egypt issued Board Decision No. 23 of 2021 to regulate securities trading for youth aged 16 to under 21 on the Egyptian Exchange. The decision permits this demographic to trade within limits of earned income or living expenses, capping individual portfolios at 10,000 Egyptian pounds and restricting activities to direct cash transactions while explicitly prohibiting margin trading and short selling. Additionally, it mandates licensed brokers, portfolio managers, and investment funds to publish a dedicated guide outlining exchange trading benefits and portfolio formation procedures for this age group.
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