{"id":601388,"date":"2019-02-27T04:01:18","date_gmt":"2019-02-27T04:01:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/"},"modified":"2019-02-27T04:01:18","modified_gmt":"2019-02-27T04:01:18","slug":"fra-issues-regulations-to-activate-short-selling","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/","title":{"rendered":"FRA issues regulations to activate short selling"},"content":{"rendered":"

<\/a> Habemus short selling:<\/b> The Financial Regulatory Authority (FRA) took a giant leap forward in the drive to bring short selling to the Egyptian Exchange when it issued regulations yesterday that allow brokerage firms to act as market makers by finding lenders and borrowers of stocks, the market regulator said in a statement<\/a>. Under the regulations, you can only short 20% of a company\u2019s freefloat shares while any one shareholder won\u2019t be able to lend more than 5% of a company\u2019s shares. The regulations will also cap the total percentage of any company\u2019s shares that can be used to create a short position. Folks looking to open a short position will need to put down 50% of the value of the securities borrowed, and brokerages will be required to park that sum in fixed-income assets while the position is open.<\/p>\n

So, what\u2019s next? <\/b>The FRA has said the EGX needs now to finalize the technical systems to support short selling and then let the FRA know when it is ready to launch the product. You can learn more about how the EGX views shorts in our sit-down with EGX Chairman Mohamed Farid<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Habemus short selling: The Financial Regulatory Authority (FRA) took a giant leap forward in the drive to bring short selling to the Egyptian Exchange when it issued regulations yesterday that allow brokerage firms to act as market makers by finding lenders and borrowers of stocks, the market regulator said in a statement. Under the regulations, […]<\/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":[68,72,76,831,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601388","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egx","tag-enterpriseam","tag-financial-regulatory-authority","tag-short-selling","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b277c459-e30e-4b42-99f4-83db33924f4a","is_powered_by":true,"section_story_id":"de2062a0-9169-4a48-9a00-5675e3da6808","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601379],"teaser":"","voice_url":""},"yoast_head":"\nFRA issues regulations to activate short selling - 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\/02\/27\/fra-issues-regulations-to-activate-short-selling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA issues regulations to activate short selling\" \/>\n<meta property=\"og:description\" content=\"Habemus short selling: The Financial Regulatory Authority (FRA) took a giant leap forward in the drive to bring short selling to the Egyptian Exchange when it issued regulations yesterday that allow brokerage firms to act as market makers by finding lenders and borrowers of stocks, the market regulator said in a statement. Under the regulations, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-27T04:01:18+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA issues regulations to activate short selling\",\"datePublished\":\"2019-02-27T04:01:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/\"},\"wordCount\":200,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EGX\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"short selling\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/\",\"name\":\"FRA issues regulations to activate short selling - 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What\u2019s a short? Let\u2019s pretend that you believe that shares\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\/2019\/6\/519.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598216,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/egx-issues-criteria-for-short-selling-securities\/","url_meta":{"origin":601388,"position":1},"title":"EGX issues criteria for short selling securities","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"REGULATION WATCH- Would-be shorts, rejoice: The EGX has issued criteria for selecting securities eligible for short selling, it said in a press release (pdf). You can short a total of 29 securities, as well as ETFs, the EGX said. The list of eligible securities will be reviewed every six months.\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":598349,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/","url_meta":{"origin":601388,"position":2},"title":"Egypt\u2019s Misr Clearing to provide short selling platform","author":"enterpriseam admin","date":"22 May 2019","format":false,"excerpt":"REGULATION WATCH- Regulator to give Misr Clearing key role in short selling: Misr for Central Clearing, Depository & Registry (MCDR) will provide a platform for traders and brokerage firms to use for short selling under changes to recently-issued short selling regulations, Egyptian Capital Markets Associations (ECMA) Chairman Mohamed Maher said.\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":598496,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/27\/egx-releases-short-sellable-stocks-list\/","url_meta":{"origin":601388,"position":3},"title":"EGX releases short-sellable stocks list","author":"enterpriseam admin","date":"27 May 2019","format":false,"excerpt":"Have someone you want to short? Here is your list of targets: The Egyptian Exchange released yesterday the list (pdf)of stocks that can be shorted. The list of 30 companies includes Telecom Egypt, EFG Hermes, Palm Hills, Qalaa Holdings, Elsewedy Electric, Orascom Investment, Talaat Moustafa, CIB, Sodic and the EGX30\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":591280,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/short-selling-comes-to-the-egyptian-stock-market\/","url_meta":{"origin":601388,"position":4},"title":"Short selling comes to the Egyptian stock market","author":"enterpriseam admin","date":"2 December 2019","format":false,"excerpt":"Short selling comes to the EGX: The EGX and Misr for Central Clearing, Depository & Registry (MCDR) yesterday launched short selling on the bourse following approval by the Financial Regulatory Authority (FRA), sources told Al Mal. Beltone and HC Securities were the first brokerages to complete a short selling transaction\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\/2020\/12\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568798,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egypts-fra-accepts-egx-proposal-to-extend-short-selling-period-to-6-months\/","url_meta":{"origin":601388,"position":5},"title":"Egypt\u2019s FRA accepts EGX proposal to extend short selling period to 6 months","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"REGULATION WATCH- FRA accepts EGX proposal to extend short selling, settling margin position period to 6 months: The Financial Regulatory Authority (FRA) has approved a proposal from the EGX to extend the period custodians can short shares to six months instead of two, effective today, the bourse said yesterday. 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