{"id":624323,"date":"2018-09-05T04:01:39","date_gmt":"2018-09-05T04:01:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/short-selling-coming-at-the-end-of-the-month\/"},"modified":"2018-09-05T04:01:39","modified_gmt":"2018-09-05T04:01:39","slug":"short-selling-coming-at-the-end-of-the-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/short-selling-coming-at-the-end-of-the-month\/","title":{"rendered":"Short-selling coming at the end of the month?"},"content":{"rendered":"

REGULATION WATCH- Short-selling is coming at the end of September, <\/strong>Financial Regulatory Authority (FRA) deputy head Khaled El Nashar said yesterday, Al Mal reports<\/a><\/u>. Negotiations are ongoing with various stakeholders to finetune the rules that will govern shorts, which El Nashar had previously said<\/a><\/u> would be \u201cstrict,\u201d ensuring that only brokerages with the balance sheet strength to offer short selling would be allowed to do so. The FRA committee drafting the regulations had completed its work last month ahead of the introduction of shorts in 3Q2018. In addition to placing limits on the number of shares a short-seller can borrow for a short position, the regulations also force borrowers to pay a cash security deposit equivalent to 50% of their borrowed stocks, officials had previously said.<\/p>\n

Background: <\/strong>Short-selling was made possible through amendments to the executive regulations of the Capital Markets Act, which were approved in May<\/a><\/u> and also opened the door to the issuance of sukuk and commodities and futures exchanges, as well as short-term bonds.<\/p>\n","protected":false},"excerpt":{"rendered":"

REGULATION WATCH- Short-selling is coming at the end of September, Financial Regulatory Authority (FRA) deputy head Khaled El Nashar said yesterday, Al Mal reports. Negotiations are ongoing with various stakeholders to finetune the rules that will govern shorts, which El Nashar had previously said would be \u201cstrict,\u201d ensuring that only brokerages with the balance sheet […]<\/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-624323","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"401ea0dc-393e-45f2-a732-188e0680867d","order":"0","is_powered_by":true,"section_story_id":"c477fda5-d01a-47d5-9f1f-38fc193ffcc5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624308],"teaser":"","voice_url":""},"yoast_head":"\nShort-selling coming at the end of the month? - 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\/09\/05\/short-selling-coming-at-the-end-of-the-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Short-selling coming at the end of the month?\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- Short-selling is coming at the end of September, Financial Regulatory Authority (FRA) deputy head Khaled El Nashar said yesterday, Al Mal reports. Negotiations are ongoing with various stakeholders to finetune the rules that will govern shorts, which El Nashar had previously said would be \u201cstrict,\u201d ensuring that only brokerages with the balance sheet […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/short-selling-coming-at-the-end-of-the-month\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-05T04:01:39+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\/2018\/09\/05\/short-selling-coming-at-the-end-of-the-month\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/short-selling-coming-at-the-end-of-the-month\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Short-selling coming at the end of the month?\",\"datePublished\":\"2018-09-05T04:01:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/short-selling-coming-at-the-end-of-the-month\/\"},\"wordCount\":174,\"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\/09\/05\/short-selling-coming-at-the-end-of-the-month\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/short-selling-coming-at-the-end-of-the-month\/\",\"name\":\"Short-selling coming at the end of the month? 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El Nashar said the authority plans to consult with the\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":595034,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/15\/shorts-are-expected-to-come-to-egypts-stock-exchange-in-november\/","url_meta":{"origin":624323,"position":1},"title":"Shorts are expected to come to Egypt\u2019s stock exchange in November","author":"enterpriseam admin","date":"15 September 2019","format":false,"excerpt":"Shorts are expected to begin in November: The Financial Regulatory Authority (FRA) is expected to give the green light to begin short-selling on the EGX in November, FRA deputy head Khaled El Nashar said on Thursday following a meeting with FRA\u2019s consultation council, and the heads of the EGX and\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":596636,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/short-selling-expected-to-be-activated-in-3q2019\/","url_meta":{"origin":624323,"position":2},"title":"Short selling expected to be activated in 3Q2019","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"REGULATION WATCH- Expect short selling to begin in 3Q2019: Traders should begin short selling in 3Q2019, when the new system is implemented, Financial Regulatory Authority (FRA) deputy head Khaled El Nashar told Reuters on Tuesday. \u201cThe only thing still to be finalised is the implementation mechanism, and this is under\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":595837,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/egypts-fra-grants-shuaa-short-selling-license\/","url_meta":{"origin":624323,"position":3},"title":"Egypt\u2019s FRA grants Shuaa short selling license","author":"enterpriseam admin","date":"7 August 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has granted Shuaa Securities a short selling license, Masrawy reported. The growing listof brokerages authorized to short sell includes Arqaam, EFG Hermes, CI Capital, the Arab African International Securities, Prime Holdings, HC Securities, and Premiere Securities. 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