Regulatory Alerts2007-01-01
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Investment Minister Decision No. 84 of 2007 Amending the Executive Regulations of the Capital Market Law No. 95 of 1992
The Egyptian Minister of Investment issued Decision No. 84 of 2007 to amend the Executive Regulations of the Capital Market Law, specifically replacing Chapter Nine to establish comprehensive rules for margin trading and short selling. The decision mandates minimum paid-up capital requirements for securities companies and custodians wishing to engage in these activities and introduces strict solvency and reporting obligations. It further details the operational frameworks, including collateral standards, margin maintenance ratios, and contractual requirements for both margin purchases and securities borrowing for short sale purposes.
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