The Egyptian Financial Supervisory Authority (EFSA) ratified amendments to the executive regulations of the Capital Markets Act that govern investment funds, Al Borsa reports. Funds will now be allowed to settle up to 15% of their daily transactions on the EGX under the intraday trading system (T+0). Real estate funds with a capital of EGP 500 mn will now be allowed to invest up to 50% of the fund in a single real estate project. The ceiling had been set at 30% prior to the amendments, which also do away with regulations that limit a fund’s share in a non-listed real estate company to around 67%.

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