{"id":603142,"date":"2019-04-16T03:54:20","date_gmt":"2019-04-16T03:54:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/"},"modified":"2019-04-16T03:54:20","modified_gmt":"2019-04-16T03:54:20","slug":"govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/","title":{"rendered":"Govt, CBE mulling legislative amendment for clearing companies rules"},"content":{"rendered":"

Gov\u2019t, CBE mulling changes to rules on clearing companies:<\/b> The Central Bank of Egypt, the Finance Ministry, and Misr for Central Clearing, Depository and Registry (MCDR) are considering raising the ceiling for shareholders\u2019 stakes in a clearing and depository company above the current 5% maximum, unnamed sources said, according to Al Mal<\/a>. The move would require the introduction of amendments to the law regulating the establishment of these companies. The three parties, which are in talks to establish a new clearing company<\/a> that will handle all government debt issuances, are reviewing all regulations to get the company up and starting in 2H1019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gov\u2019t, CBE mulling changes to rules on clearing companies: The Central Bank of Egypt, the Finance Ministry, and Misr for Central Clearing, Depository and Registry (MCDR) are considering raising the ceiling for shareholders\u2019 stakes in a clearing and depository company above the current 5% maximum, unnamed sources said, according to Al Mal. The move would […]<\/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":[102,271,72,276,3174,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603142","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-capital-markets","tag-central-bank-of-egypt","tag-enterpriseam","tag-finance-ministry","tag-misr-for-central-clearing-depository-and-registry","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d68f1f92-487b-42c6-8b80-947b3baf51d5","is_powered_by":true,"section_story_id":"582c782c-1160-4b8d-86ae-c886dc2e3ac8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603129],"teaser":"","voice_url":""},"yoast_head":"\nGovt, CBE mulling legislative amendment for clearing companies rules - 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\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt, CBE mulling legislative amendment for clearing companies rules\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t, CBE mulling changes to rules on clearing companies: The Central Bank of Egypt, the Finance Ministry, and Misr for Central Clearing, Depository and Registry (MCDR) are considering raising the ceiling for shareholders\u2019 stakes in a clearing and depository company above the current 5% maximum, unnamed sources said, according to Al Mal. The move would […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-16T03:54:20+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\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Govt, CBE mulling legislative amendment for clearing companies rules\",\"datePublished\":\"2019-04-16T03:54:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/\"},\"wordCount\":111,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"capital markets\",\"Central Bank of Egypt\",\"EnterpriseAM\",\"Finance Ministry\",\"Misr for Central Clearing Depository and Registry\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/\",\"name\":\"Govt, CBE mulling legislative amendment for clearing companies rules - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-04-16T03:54:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Govt, CBE mulling legislative amendment for clearing companies rules\"}]},{\"@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":"Govt, CBE mulling legislative amendment for clearing companies rules - 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\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/","og_locale":"en_US","og_type":"article","og_title":"Govt, CBE mulling legislative amendment for clearing companies rules","og_description":"Gov\u2019t, CBE mulling changes to rules on clearing companies: The Central Bank of Egypt, the Finance Ministry, and Misr for Central Clearing, Depository and Registry (MCDR) are considering raising the ceiling for shareholders\u2019 stakes in a clearing and depository company above the current 5% maximum, unnamed sources said, according to Al Mal. The move would […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-04-16T03:54:20+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Govt, CBE mulling legislative amendment for clearing companies rules","datePublished":"2019-04-16T03:54:20+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/"},"wordCount":111,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["capital markets","Central Bank of Egypt","EnterpriseAM","Finance Ministry","Misr for Central Clearing Depository and Registry","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/","name":"Govt, CBE mulling legislative amendment for clearing companies rules - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-04-16T03:54:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/govt-cbe-mulling-legislative-amendment-for-clearing-companies-rules\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Govt, CBE mulling legislative amendment for clearing companies rules"}]},{"@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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":599276,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/egypts-market-regulator-drafts-proposed-amendments-to-rules-on-clearing-companies\/","url_meta":{"origin":603142,"position":0},"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 "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":602345,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/govt-cbe-to-establish-debt-clearing-company\/","url_meta":{"origin":603142,"position":1},"title":"Gov\u2019t, CBE to establish debt clearing company","author":"enterpriseam admin","date":"25 March 2019","format":false,"excerpt":"The Finance Ministry, the Central Bank of Egypt, and Misr for Central Clearing, Depository and Registry (MCDR) will establish next month a new company that will handle all the clearing and registry of government debt issuances, as well as collect taxes from these issuances, Al Mal reports. The company will\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":568337,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/27\/one-step-closer-to-being-euroclearable\/","url_meta":{"origin":603142,"position":2},"title":"One step closer to being Euroclearable","author":"enterpriseam admin","date":"27 December 2020","format":false,"excerpt":"The new central clearing and depository company that will handle all the clearing and registry of government debt issuances earned Prime Minister Moustafa Madbouly\u2019s final sign-off, according to an official decision published in the Official Gazette on Thursday. Cabinet had approved the establishment of the new central clearing and depository\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/438.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621954,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/all-egypt-joint-stock-companies-must-register-shares-in-misr-clearing-by-january\/","url_meta":{"origin":603142,"position":3},"title":"All Egypt joint stock companies must register shares in Misr Clearing by January","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"REGULATION WATCH- All joint stock companies must register shares in Misr Clearing by January \u2014 or else: The Madbouly government is making it mandatory for all joint stock companies (basically, any company with \u201cSAE\u201d at the end) to register their shares with Misr for Central Clearing, Depository and Registry by\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":599224,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/egypts-cabinet-approves-establishing-new-central-clearing-company\/","url_meta":{"origin":603142,"position":4},"title":"Egypt\u2019s cabinet approves establishing new central clearing company","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"Cabinet econ group green lights new central clearing company for debt: The Madbouly Cabinet\u2019s economic group approved on Friday establishing a new central clearing and depository company, according to a statement. The new entity is expected to handle all the clearing and registry of government debt issuances, as well as\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":600064,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/17\/gafi-to-issue-warnings-for-sae-companies-that-have-not-registered-shares-with-misr-clearing\/","url_meta":{"origin":603142,"position":5},"title":"GAFI to issue warnings for SAE companies that have not registered shares with Misr Clearing","author":"enterpriseam admin","date":"17 January 2019","format":false,"excerpt":"The General Authority for Investments (GAFI) decided to begin issue warnings to joint stock companies (basically, any company with \u201cSAE\u201d at the end) that have not yet registered their shares with Misr for Central Clearing, Depository and Registry. These companies have three months to complete registering their shares or face\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603142","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=603142"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603142\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603129"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603142"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603142"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}