The Egyptian Financial Supervisory Authority issued a set of unified guidelines on Monday to regulate the OTC market, particularly with regards to ownership transfer, Al Borsa reports. The new code comes in a place of a number of other independent directives that had previously been in place.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA issues model short-selling contract, with launch weeks away
Contract wording is settled; the launch now waits on the…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…