Regulatory Alerts2018-01-01
Capital Market Authority Board Decision No. (94) of 2018 dated June 10, 2018 Concerning Rules and Procedures for Trading Non-Listed Securities on the Egyptian Exchange, as Amended on December 25, 2024
The Capital Market Authority issued Board Decision No. 94 of 2018, as amended through December 2024, establishing comprehensive rules and procedures for trading non-listed securities on the Egyptian Exchange. The decision mandates two primary execution frameworks—the Transfer of Ownership Confirmation System and the OTC Order Acceptance System—and details brokerage firms' verification, pricing, settlement (T+3), and disclosure obligations. It further introduces exemptions for startup-related share transfers, clarifies payment thresholds via supervised banks, and grants the Exchange authority to suspend trading for data discrepancies while maintaining operational continuity.
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