Regulatory Alerts2022-03-29 | CBE5.6Added · Updated
CBE Regulation Book 5.6 - Controls On The Activity Of The Main Dealers Of Treasury Bills And Government Bonds
The Central Bank of Egypt establishes specific capital requirements for main dealers, mandating a minimum paid-up capital of 500 million EGP for general dealers and 50 million EGP for specialized dealers. The regulation outlines prohibitions against conflicts of interest, insider trading, and market manipulation, while defining permissible activities such as underwriting and dealing in government securities. It also sets conditions for the appointment of main dealers, requiring them to meet eligibility criteria and submit necessary documentation to the Central Bank.
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