Regulatory Alerts2015-01-01
Capital Market Authority Board Decision No. 6 of 2015 Amending the Executive Rules for Intra Day Trading
The Capital Market Authority issued Board Decision No. 6 of 2015 to amend the executive rules governing the Intra Day Trading mechanism for Egyptian equities. The amendment modifies Article One by establishing a minimum net shareholders' equity threshold of five million Egyptian pounds for companies participating in the mechanism, alongside a requirement for positive working capital in their latest approved financial statements. This decision was approved on July 1, 2015, and takes effect the day after its publication in the Egyptian Gazette and on the official websites of the Authority, the Egyptian Exchange, and the Central Depository and Registration Company.
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