Monday November 6 2017
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Egypt
Link: http://www.efsa.gov.eg/content/efsa_ar/efsa_news/efsa_615.htm
On 2nd November 2017, the Egyptian Financial Supervisory Authority (EFSA) amended its rules on the transfer of ownership and advertising for securities not listed in the Egyptian Stock Exchange.
The amendment increases the period in which brokerage companies must notify the Stock Exchange about the transfer the ownership of unlisted securities.
The new rules hold that notice must now be given a week in advance of the transfer of ownership. Other changes have been made to the proof of deposit requirements in transactions concerning Non-listed Securities.
This decision was brought about due to cooperation between the Egyptian Financial Supervisory Authority and the Egyptian Stock Exchange.
For additional information please click the link above