FRA could lower admission fees for new Federation for Securities

The Financial Regulatory Authority (FRA) is mulling reducing the EGP 25k admission fee for the newly-launched Federation for Securities to increase membership, according to a FRA source. Membership levels have so far fallen short of initial targets, the source said, adding that the regulator is looking to encourage more companies to become part of the organization. We noted in October that the FRA has received over 90 membership requests since it established the federation in March.