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Resolution No. 076 of 2007
The Financial Regulatory Authority issued Resolution No. 076 of 2007 to grant in-principle approval for a proposed project regarding the regulatory framework for exchange-traded fund documents. The resolution mandates that the market and the Egyptian Securities Association be consulted on the matter before finalization. This decision marks a procedural step in establishing regulations for these financial instruments.
Resolution No. 076 of 2007
The Council has decided to grant in-principle approval for the project presented to the Council regarding the rules regulating the activity of exchange-traded fund documents, subject to soliciting the opinion of the market and the Egyptian Securities Association.
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