The amendments would allow more flexibility in the funds’ investment policies by solving some problems faced in this type of funds. The suggested amendments were discussed in community dialogue sessions managed by the FRA with such funds’ representatives.
Latest in Highlight
The authority has also excluded Safwat Abdel Moneim for not meeting the conditions required for running the election, as it was revealed that he currently works as a branch head of Mubasher Trade since May 2017. Mubasher is a shareholding company of MCDR.
The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
FRA determines six phases to implement plan
Conference of HC Securities demands cooperation with banks to facilitate real estate funding
The Financial Regulatory Authority (FRA) approved the 7th issuance of securitisation bonds by the Egyptian Securitisation Company for the amount of about EGP 1.1bn. These bonds are considered one the biggest bond issuances in the Egyptian market. Moreover, the bonds are backed by the portfolio of Corporate Leasing Company Egypt S.A.E. (CorpLease). Furthermore, Commercial International …
Rapid approvals implementation of Investment Law, says Osool branch manager
Expansion of Bitcoin threatens trading volume on EGX, national economy: Prime CEO
These rates are expected to increase in 2018 on economic reform, governmental IPOs, say market experts