FRA looks to expand scope of investor protection fund

The Financial Regulatory Authority’s (FRA) Capital Markets Committee is looking into a proposal to widen the scope of the Egyptian Investor Protection Fund’s (EIPF) cover stock market losses resulting from fraud, FRA Deputy Chairman Khaled El Nashar tells Youm7. The fund’s expanded scope would also cover appointing an independent financial advisor for companies facing mandatory or voluntary delisting, or conducting fair value assessments.