{"id":622473,"date":"2018-10-02T04:15:03","date_gmt":"2018-10-02T04:15:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/"},"modified":"2018-10-02T04:15:03","modified_gmt":"2018-10-02T04:15:03","slug":"you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/","title":{"rendered":"You no longer have to get FRA or EGX approval on stock splits"},"content":{"rendered":"<p><strong>REGULATION WATCH- You no longer have to get FRA or EGX approval on stock splits:<\/strong> The Financial Regulatory Authority (FRA) will reportedly scrap a rule that requires listed companies to seek approval from the FRA and the EGX for stock splits, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1328380\">AMAY reports<\/a>. Boards much presently seek regulatory approval, including filing notice of the decision and explanations for why the split is necessary. Companies will still have to file notice to the regulator and the exchange when the measure is enacted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>REGULATION WATCH- You no longer have to get FRA or EGX approval on stock splits: The Financial Regulatory Authority (FRA) will reportedly scrap a rule that requires listed companies to seek approval from the FRA and the EGX for stock splits, AMAY reports. Boards much presently seek regulatory approval, including filing notice of the decision [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622473","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4efb1b51-db1b-4402-8fec-dea9e3935a0a","order":"0","is_powered_by":true,"section_story_id":"95af63c0-86fd-47d9-8f0f-c40547f0ec2f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622458],"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>You no longer have to get FRA or EGX approval on stock splits - 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\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You no longer have to get FRA or EGX approval on stock splits\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- You no longer have to get FRA or EGX approval on stock splits: The Financial Regulatory Authority (FRA) will reportedly scrap a rule that requires listed companies to seek approval from the FRA and the EGX for stock splits, AMAY reports. Boards much presently seek regulatory approval, including filing notice of the decision [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-02T04:15:03+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"You no longer have to get FRA or EGX approval on stock splits\",\"datePublished\":\"2018-10-02T04:15:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/you-no-longer-have-to-get-fra-or-egx-approval-on-stock-splits\/\",\"name\":\"You no longer have to get FRA or EGX approval on stock splits - 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The index is up 5.05% YTD.In the green: Sidi Kerir (+0.7%), EKH (+0.6%) and CIB (+0.5%).In the red: Pioneers (-7.6%), MM Group (-6.3%) and Orascom Financial (-5.9%).\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623475,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/fra-signs-off-on-same-day-trading-for-category-b-of-securities-eligible-for-special-activities\/","url_meta":{"origin":622473,"position":1},"title":"FRA signs off on same-day trading for category B of securities eligible for special activities","author":"enterpriseam admin","date":"31 October 2018","format":false,"excerpt":"REGULATION WATCH- FRA signs off on same-day trading for category B of securities eligible for \u2018special activities\u2019: The Financial Regulatory Authority (FRA) signed off yesterday on a proposal from the EGX that allows same-day trading on stocks that are on its category 'B' list of securities eligible for \u201cspecialized activities.\u201d\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":569620,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/02\/egypts-fra-suspends-3-day-notice-requirement-for-treasury-stock-purchases\/","url_meta":{"origin":622473,"position":2},"title":"Egypt\u2019s FRA suspends 3-day notice requirement for treasury stock purchases","author":"enterpriseam admin","date":"2 March 2020","format":false,"excerpt":"REGULATION WATCH- Market regulator suspends three-day notice requirement for listed companies\u2019 treasury stock purchases: The Financial Regulatory Authority (FRA) introduced a new temporary rule that will allow EGX-listed companies looking to purchase treasury stocks to notify the bourse on the same day they plan to buy the stocks, instead of\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\/2020\/3\/22.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569247,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/did-the-fra-just-make-reverse-takeovers-possible\/","url_meta":{"origin":622473,"position":3},"title":"Did the FRA just make reverse takeovers possible?","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"REGULATION WATCH- Did the FRA just make reverse takeovers (aka: \u201creverse IPOs\u201d) possible? The Financial Regulatory Authority (FRA) has made two amendments to EGX listing regulations that allow publicly-traded companies to acquire larger non-listed companies, according to an official statement (pdf). 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