Wednesday February 14 2018
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Egypt
Link: http://www.fra.gov.eg/content/efsa_ar/efsa_news/efsa_639.htm
On 13th February 2018, the Egyptian Financial Regulatory Authority announced that Amendments to the Capital Markets Act received Parliamentary approval.
These Amendments will establish a new body know as the Egyptian Securities Federation. This body will represent brokers on the Egyptian Stock Exchange and will also encourage restricted companies to list on the stock exchange. Furthermore the amendment aims to increase the range of financial instruments currently offered. The amendment will see an increase in the number of sukuk bonds being offered on the exchange.
For additional information please click the link above.