Regulatory Alerts2012-01-01
Decision of the Chairman of the Authority No. 283 Dated 2012/4/6 Regarding Rules for Trading Subscription Rights
The Egyptian Financial Supervisory Authority issued Decision No. 283 of 2012 to formally approve and adopt the Egyptian Exchange's rules governing the trading of subscription rights. The decision mandates that all subscription right transactions be subject to the Exchange's existing trading, settlement, and supervisory regulations applicable to listed company shares, in compliance with Chapter Twelve of the Capital Market Law's executive regulations. This decision takes effect on July 1, 2012, and requires the Exchange and relevant authorities to implement the stipulated oversight measures.
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