{"id":602423,"date":"2019-03-27T03:55:51","date_gmt":"2019-03-27T03:55:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/"},"modified":"2019-03-27T03:55:51","modified_gmt":"2019-03-27T03:55:51","slug":"fra-to-issue-futures-exchange-licenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/","title":{"rendered":"FRA to issue futures exchange licenses"},"content":{"rendered":"<p><b>Market regulator to be in charge of issuing licenses for futures exchange:<\/b> The Financial Regulatory Authority\u2019s (FRA) board gave the market regulator the authority to issue licenses for futures exchanges, <a href=\"https:\/\/ent.news\/2019\/3\/3645.pdf\">according to a statement (pdf)<\/a>. Companies that want to operate futures exchanges will need at least EGP 20 mn or equivalent of paid-in capital. At least 75% of these companies\u2019 shareholders must also be financial institutions, bourses, or companies licensed to operate in financial markets. The stipulations also require that companies have in place the necessary infrastructure to meet the technical requirements specified by the regulator to operate as a futures exchange.<\/p>\n<p><b>The FRA board also granted the EGX the green light to operate in futures<\/b> after completing certain adjustments to delineate regular stock trading and futures trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market regulator to be in charge of issuing licenses for futures exchange: The Financial Regulatory Authority\u2019s (FRA) board gave the market regulator the authority to issue licenses for futures exchanges, according to a statement (pdf). Companies that want to operate futures exchanges will need at least EGP 20 mn or equivalent of paid-in capital. At [&hellip;]<\/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":[72,76,929,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602423","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-financial-regulatory-authority","tag-futures","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6c9a208b-553d-4610-84db-da1be1020a0a","is_powered_by":true,"section_story_id":"e9b3fd22-6ad9-4f60-8ac9-2090184bd1d5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602407],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FRA to issue futures exchange licenses - 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\/27\/fra-to-issue-futures-exchange-licenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA to issue futures exchange licenses\" \/>\n<meta property=\"og:description\" content=\"Market regulator to be in charge of issuing licenses for futures exchange: The Financial Regulatory Authority\u2019s (FRA) board gave the market regulator the authority to issue licenses for futures exchanges, according to a statement (pdf). Companies that want to operate futures exchanges will need at least EGP 20 mn or equivalent of paid-in capital. At [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-27T03:55:51+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\/27\/fra-to-issue-futures-exchange-licenses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA to issue futures exchange licenses\",\"datePublished\":\"2019-03-27T03:55:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/\"},\"wordCount\":133,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Financial Regulatory Authority\",\"futures\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/\",\"name\":\"FRA to issue futures exchange licenses - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-03-27T03:55:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FRA to issue futures exchange licenses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FRA to issue futures exchange licenses - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/fra-to-issue-futures-exchange-licenses\/","og_locale":"en_US","og_type":"article","og_title":"FRA to issue futures exchange licenses","og_description":"Market regulator to be in charge of issuing licenses for futures exchange: The Financial Regulatory Authority\u2019s (FRA) board gave the market regulator the authority to issue licenses for futures exchanges, according to a statement (pdf). Companies that want to operate futures exchanges will need at least EGP 20 mn or equivalent of paid-in capital. 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The FRA board has previously gave the market regulator the authority to issue licenses for futures exchanges and issued regulations for companies wanting to serve this role.","rel":"","context":"In &quot;Speed Round&quot;","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":600639,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/05\/fra-moving-to-activate-futures-exchange\/","url_meta":{"origin":602423,"position":1},"title":"FRA moving to activate futures exchange","author":"enterpriseam admin","date":"5 February 2019","format":false,"excerpt":"FRA is inching toward a green light for the launch of a futures exchange: The Financial Regulatory Authority (FRA) finalizing decrees that will make possible the launch of futures in Egypt, the market regulator said in a statement. The creation of a futures market comes after amendments to the executive\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":602062,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/fra-approves-internal-bylaws-for-futures-exchange\/","url_meta":{"origin":602423,"position":2},"title":"FRA approves internal bylaws for futures exchange","author":"enterpriseam admin","date":"18 March 2019","format":false,"excerpt":"REGULATION WATCH- FRA approves bylaws for futures exchange: The Financial Regulatory Authority (FRA) approved the bylaws of a futures exchange and a preliminary template contract for the establishment of the legal entity that will house it, the market regulator said in a statement (pdf). The new bourse will be the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":599276,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/egypts-market-regulator-drafts-proposed-amendments-to-rules-on-clearing-companies\/","url_meta":{"origin":602423,"position":3},"title":"Egypt\u2019s market regulator drafts proposed amendments to rules on clearing companies","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"REGULATION WATCH- Market regulator drafting changes to rules on clearing companies: The Financial Regulatory Authority\u2019s (FRA) board of directors agreed last week to put forth proposed amendments to the law governing clearing and depository companies, according to a FRA statement (pdf). The proposed amendments include allowing companies to receive licenses\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":582967,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/one-step-closer-to-the-new-futures-exchange\/","url_meta":{"origin":602423,"position":4},"title":"One step closer to the new futures exchange","author":"enterpriseam admin","date":"14 March 2023","format":false,"excerpt":"The futures exchange could launch by 4Q 2022","rel":"","context":"In &quot;REGULATION WATCH&quot;","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/FRA-2.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568436,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/30\/the-fra-just-joined-the-fight-for-gender-equality\/","url_meta":{"origin":602423,"position":5},"title":"The FRA just joined the fight for gender equality","author":"enterpriseam admin","date":"30 December 2020","format":false,"excerpt":"SMART POLICY- Gender parity is getting a push from the Financial Regulatory Authority, which will slash development and service fees by as much as half for companies and non-banking financial institutions with women comprising at least 25% of their total staff. The higher your proportion of women on your team,\u2026","rel":"","context":"In &quot;REGULATION WATCH&quot;","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/494.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=602423"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602423\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602407"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602423"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602423"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}