REGULATION WATCH- Regulators are considering lowering fees on stock market transactions in an ongoing effort to mitigate the effect of a rising stamp tax, which is set to increase to 0.175% from 0.15% on 1 June, sources close to the matter told Al Mal. The Financial Regulatory Authority, the EGX, Misr Central Clearing, Depository and Registry and the Investor Protection Fund are all looking at ways of keeping fees in check, the newspaper suggests. The FRA last year approved a minor cut to transaction fees for brokerage houses and custodians to offset the annual stamp tax increase.

Correction: 7 May 2019.

An earlier version of this article incorrectly stated that stamp tax will increase on 17 May.

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