The Egyptian Exchange (EGX) Board in its latest meeting approved the executive procedures of trading rules, the deals market’s mechanisms and announcing them for non-listed securities in the light of the Egyptian Financial Supervisory Authority (EFSA) decision No. 17 dated 08.02.2017.
On the other hand, EGX Board approved a set of proposed points to be included on practices that are harmful for trading which give EGX Chairman the right to take any of the actions to prohibit the customer form taking advantage form the bid and ask placing mechanism when dealing in the market, whether on one security or on a group of securities or on the level of the market as a whole, and for a period not exceeding one month if a trader or group of traders were violating the capital market law’ provisions or the decisions issued to execute it.
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EGX Board Sets The OTC Market Executive Regulations
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