{"id":597868,"date":"2019-05-07T03:31:34","date_gmt":"2019-05-07T03:31:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/07\/capital-market-authorities-consider-lowering-egx-fees\/"},"modified":"2019-05-07T03:31:34","modified_gmt":"2019-05-07T03:31:34","slug":"capital-market-authorities-consider-lowering-egx-fees","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/07\/capital-market-authorities-consider-lowering-egx-fees\/","title":{"rendered":"Capital market authorities consider lowering EGX fees"},"content":{"rendered":"

REGULATION WATCH- Regulators are considering lowering fees on stock market transactions in an ongoing effort to mitigate the effect of a rising stamp tax<\/b>, which is set to increase to 0.175% from 0.15%<\/a> on 1 June, sources close to the matter told Al Mal<\/a>. 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> a minor cut to transaction fees for brokerage houses and custodians to offset the annual stamp tax increase.<\/p>\n

Correction: 7 May 2019.<\/em><\/p>\n

An earlier version of this article incorrectly stated that stamp tax will increase on 17 May.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597868","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1d17a006-4b4e-4480-9e6e-4875b1dc9c35","is_powered_by":true,"section_story_id":"f6546a18-7c70-461f-befc-760bf81069df","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597859],"teaser":"","voice_url":""},"yoast_head":"\nCapital market authorities consider lowering EGX fees - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/07\/capital-market-authorities-consider-lowering-egx-fees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital market authorities consider lowering EGX fees\" \/>\n<meta property=\"og:description\" content=\"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. 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The change will reduce fees brokerage firms pay to 0.01% of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649611,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/investment-minister-nasr-discusses-repercussions-of-stamp-tax-with-efsa-egx\/","url_meta":{"origin":597868,"position":2},"title":"Investment Minister Nasr discusses repercussions of stamp tax with EFSA, EGX","author":"enterpriseam admin","date":"5 March 2017","format":false,"excerpt":"Nasr orders full report on stamp tax, including alternatives: Investment and International Cooperation Minister Nasr ordered a \u201cfull report\u201d on the effects and alternatives to imposing a stamp tax on stock market transactions to ensure the market and the government\u2019s reform program are not harmed, at a meeting with Egyptian\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597904,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/finmin-calls-off-egx-stamp-tax-increase\/","url_meta":{"origin":597868,"position":3},"title":"FinMin calls off EGX stamp tax increase","author":"enterpriseam admin","date":"8 May 2019","format":false,"excerpt":"FinMin calls off EGX stamp tax increase: The Finance Ministry will not increase the stamp tax on EGX transactions this year. 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The tax was scheduled to increase to 0.175% from 0.15% on 1 June.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573053,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/19\/egypt-introduces-development-fees-on-mobile-phone-bills-scratch-cards\/","url_meta":{"origin":597868,"position":4},"title":"Egypt introduces development fees on mobile phone bills + scratch cards","author":"enterpriseam admin","date":"19 July 2020","format":false,"excerpt":"Mobile phone bills + scratch cards are getting a little more expensive: The Finance Ministry has introduced development fees on prepaid mobile phone scratch cards and subscription plans, Youm7 reports. 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