House of Representatives will begin discussing Capital Markets Act “soon”

The House of Representatives will begin discussing amendments to the Capital Markets Act “soon,” said EGX head Mohamed Farid at a meeting with the securities division of the Federation of Egyptian Chambers of Commerce on Wednesday. He urged members of the Federation to present their proposals for setting up a futures market, as the amendments contain a framework for establishing it. The amendments are also expected to modify the regulations governing private placement, cover the issuance of sukuks, and give the EGX flexibility to set lower listing fees to attract smaller companies.