{"id":601486,"date":"2019-03-03T04:24:14","date_gmt":"2019-03-03T04:24:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/"},"modified":"2019-03-03T04:24:14","modified_gmt":"2019-03-03T04:24:14","slug":"egypt-gets-its-first-federation-for-securities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/","title":{"rendered":"Egypt gets its first federation for securities"},"content":{"rendered":"

Egypt gets its first federation for securities: <\/b>The Financial Regulatory Authority (FRA) has approved the bylaws establishing Egypt\u2019s first federation for securities, according to a statement<\/a>. The FRA will publish in the coming period the bylaws in the official Gazette, and then set up a committee of at least five industry representatives to act as founders. Any company licensed by the authority will automatically gain membership in the body, which will be the first to receive and attempt to resolve complaints brought by its members\u2019 clients.<\/p>\n

How is the new federation different from ECMA? <\/b>The Egyptian Capital Markets Association<\/a> (ECMA) is an organization whose main role is to represent all capital markets participants. It\u2019s similarly focused on the capital, but is first and foremost a representation organization. The new body has little to do with representation, and more with improving standards and promoting accountability in the sector. It will function as a union of non-banking financial services that have acknowledged the FRA as their central governing authority.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt gets its first federation for securities: The Financial Regulatory Authority (FRA) has approved the bylaws establishing Egypt\u2019s first federation for securities, according to a statement. The FRA will publish in the coming period the bylaws in the official Gazette, and then set up a committee of at least five industry representatives to act as […]<\/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":[72,180,595,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601486","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-legislation","tag-non-banking-financial-services","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"caff6c7c-a38b-4230-b6df-ea82e2a06d40","is_powered_by":true,"section_story_id":"e3c53631-9fb2-432f-9c60-ee80a356094d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601475],"teaser":"","voice_url":""},"yoast_head":"\nEgypt gets its first federation for securities - 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\/03\/03\/egypt-gets-its-first-federation-for-securities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt gets its first federation for securities\" \/>\n<meta property=\"og:description\" content=\"Egypt gets its first federation for securities: The Financial Regulatory Authority (FRA) has approved the bylaws establishing Egypt\u2019s first federation for securities, according to a statement. The FRA will publish in the coming period the bylaws in the official Gazette, and then set up a committee of at least five industry representatives to act as […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-03T04:24:14+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\/03\/03\/egypt-gets-its-first-federation-for-securities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt gets its first federation for securities\",\"datePublished\":\"2019-03-03T04:24:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/\"},\"wordCount\":176,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"legislation\",\"non-banking financial services\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-gets-its-first-federation-for-securities\/\",\"name\":\"Egypt gets its first federation for securities - 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The committee is waiting for more of the 550 FRA-licensed firms to request membership before organizing\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572820,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/09\/fra-looks-to-boost-local-bond-market-with-discounts-variable-returns\/","url_meta":{"origin":601486,"position":3},"title":"FRA looks to boost local bond market with discounts, variable returns","author":"enterpriseam admin","date":"9 July 2020","format":false,"excerpt":"FRA looks to boost local bond market by cutting the cost of trading, allowing variable-return bonds: The Financial Regulatory Authority (FRA) is close to finalizing recommendations to stimulate trading activity in the local bond market, according to Mohamed Maher, a member of the regulator\u2019s advisory committee and chair of industry\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":569116,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/fedcoc-to-submit-comprehensive-proposal-to-egypts-parliament-on-taxing-egx-trades\/","url_meta":{"origin":601486,"position":4},"title":"FEDCOC to submit \u201ccomprehensive\u201d proposal to Egypt\u2019s parliament on taxing EGX trades","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"Securities division at FEDCOC to present \u2018comprehensive\u2019 proposal for EGX taxes to house in month and a half: The securities division at the Federation of Egyptian Chambers of Commerce has invited capital market representatives for a meeting within 45 days with the House Economic Committee to discuss tax on stock\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":591638,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/fra-could-lower-admission-fees-for-new-federation-for-securities\/","url_meta":{"origin":601486,"position":5},"title":"FRA could lower admission fees for new Federation for Securities","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"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. 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