Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

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Deputy Chairman of the Authority

Circular Letter No. (2) of 2020

Dated 31/3/2020

Regarding Compliance with the Standard Margin Trading Purchase Contract Model

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In light of the Financial Regulatory Authority's commitment to fulfilling its supervisory role over non-banking financial markets, and applying legal provisions to ensure competition and transparency, thereby enhancing the efficiency of the non-banking financial sector.

And within the framework of the optimal implementation of Law No. (95) of 1992, its executive regulations, and decisions issued pursuant thereto.

And given the findings from the Authority's supervisory and regulatory oversight, which have revealed violations of the terms of the margin trading purchase agreement contract.

Therefore, the Authority hereby emphasizes, urging all companies and entities licensed to conduct margin trading purchase operations, to strictly comply with the Standard Margin Trading Purchase Contract Model issued by the Authority in this regard, in accordance with legal provisions. Any additional clause that contradicts this model must be nullified, unless the added clause is in the client's favor.

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Dated: 2/3/2020

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Deputy Chairman of the Authority
Judge / Khaled El-Nashar

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Financial Regulatory Authority
FINANCIAL REGULATORY AUTHORITY

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Smart Village, Building 167, Giza, Egypt
Postal Code: 110
Telephone: +202 3545750
Fax: +202 35370066

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