Regulatory Alerts2009-10-29
Added · Updated
Circular No. 4 of 2009
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.
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