Regulatory Alerts2021-01-01
Circular Letter No. (4) of 2021 Regarding Entities Licensed to Conduct Custodian Activities
The Financial Regulatory Authority of Egypt requires securities companies previously licensed for custodian activities under a client-exclusive restriction to formally apply to the Authority for removal of that condition. These firms must additionally submit quarterly statements listing all client names to insiders@fra.gov.eg. This directive aligns with existing financial supervision laws and will be disseminated via official regulatory and exchange channels.
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