Companies to nominate one candidate to Federation of Securities board -FRA

REGULATION WATCH- Companies can only nominate one candidate for the Federation for Securities market regulator: Companies will only be able to nominate one candidate to sit on the board of directors of the Federation for Securities under new regulatory amendments approved by the Financial Regulatory Authority (FRA) yesterday, the regulatorsaid in a statement. The FRA has given a committee tasked with convening the federation’s first general assembly another six months to organize elections to the board. The FRA earlier this year approved the bylaws establishing the federation, which aims to improve standards and accountability in the sector.