Regulatory Alerts2014-01-01
Decision of the Board of Directors of the Authority No. (67) of 2014 (Updated Version 2023)
The General Authority for Financial Supervision (GAFI) issued Decision No. (67) of 2014, updated in 2023, to regulate margin trading operations by brokerage companies and custodians in Egypt. The Decision mandates minimum capital thresholds of fifty million Egyptian pounds, requires comprehensive client risk assessments, and establishes strict collateral valuation ratios and concentration limits to safeguard market stability. It further outlines detailed procedures for margin calls, liquidation triggers, collateral substitution, and the Authority's discretionary powers to revoke approvals or restrict specific securities based on systemic risk analysis.
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