RegAlert

Rule · FRA · 29 Oct 2009

Circular No. 4 of 2009

capital

The Egyptian Financial Supervisory Authority (EFSA) issued Circular No. 4 of 2009 to follow up on Circular No. 3 regarding the mandatory financial solvency guarantees for companies operating under the same-session trading system. The regulator grants these companies a 15-day deadline to adjust their financial solvency standards to the specified requirements or formally notify the Authority of their decision to cease same-session trading operations. This directive establishes a clear compliance window for firms to either rectify their financial standing or officially withdraw from same-session trading activities.

EgyptFinancial Regulatory Authority Egypt

Egyptian Financial Supervisory Authority

Egyptian Financial Supervisory Authority (EFSA)

Circular Letter No. (4)

Issued on 29/10/2009

In continuation of Circular Letter No. (3) issued by the Authority on 18/10/2009 regarding addressing the financial guarantee requirement to be maintained at all times to ensure financial solvency for companies operating under the same-session trading system.

The Authority grants the companies addressed in Circular Letter No. (3) a 15-day deadline to adjust their financial solvency standards as outlined, or to notify the Authority of their unwillingness to continue conducting same-session trading activities.

Hesham Ibrahim
Sector Supervisor
Technical Office

Main Address: Smart Village, Building 5 – A 84 B Km 28 Cairo–Alexandria Desert Road 6th of October Governorate, Postal Code: 12577 Email: info@efsa.gov.eg Website: www.efsa.gov.eg Phone: +202 2537 0040 Fax: +202 2537 0041

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Source: Financial Regulatory Authority Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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