Egypt’s newly-established securities federation receives 90 membership requests

Egypt’s Federation for Securities has so far received over 90 membership requests since it was established by the Financial Regulatory Authority (FRA) in March, head of the federation’s establishing committee Soliman Nazmy said yesterday. The committee is waiting for more of the 550 FRA-licensed firms to request membership before organizing board elections. Each member company will be able to nominate one candidate for the federation’s board.