A committee tasked with drafting amendments to the Capital Markets Act held its first meeting on Saturday, Al Masry Al Youm reports. The amendments could entail changes to how private placements are regulated and will also cover the issuance of sukuks and allow trades on the EGX to be reversed when international money laundry is suspected, said Egyptian Financial Supervisory Authority (EFSA) chief Sherif Samy. As we noted last month, the amendments would also give the EGX flexibility to set lower listing fees to attract smaller companies to the bourse.

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