{"id":624762,"date":"2018-09-18T04:19:17","date_gmt":"2018-09-18T04:19:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/fra-egx-agree-on-basket-of-new-trading-regulations\/"},"modified":"2018-09-18T04:19:17","modified_gmt":"2018-09-18T04:19:17","slug":"fra-egx-agree-on-basket-of-new-trading-regulations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/fra-egx-agree-on-basket-of-new-trading-regulations\/","title":{"rendered":"FRA, EGX agree on basket of new trading regulations"},"content":{"rendered":"

<\/a> **#6 REGULATION WATCH- FRA, EGX put in less sensitive circuit breakers, move to shorter cooling-off period: <\/strong>The new rules, agreed to yesterday by the EGX and the Financial Regulatory Authority (FRA), according to a statement picked up by El Watan<\/a>, would also allow all shares to trade up or down 10% within the day\u2019s trading session, rather than the previous 5%, before triggering a temporary 10-minute halt to trading. The cooling-off period was previously 15 minutes. Traders will also be allowed to execute in the same session T+0 and margin transactions on newly-listed securities under new regulations.<\/p>\n

More changes on the way:<\/strong> Officials are also still discussing changes to how closing share prices are calculated, with a new methodology possibly coming into effect once regulations now being reviewed by the State Council come into effect.<\/p>\n

The EGX and FRA also agreed to come up with new licenses for brokerage firms to serve as market makers<\/strong>, allowing them to both buy and sell securities from their own inventory at prices they have a measure of control over. The tool is one of several financial instruments and trading options that will be made available on the EGX<\/a> under amendments to the Capital Markets Act that were formalized in May. Others include short-selling, futures and commodities exchanges, as well sukuk and green bonds.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#6 REGULATION WATCH- FRA, EGX put in less sensitive circuit breakers, move to shorter cooling-off period: The new rules, agreed to yesterday by the EGX and the Financial Regulatory Authority (FRA), according to a statement picked up by El Watan, would also allow all shares to trade up or down 10% within the day\u2019s trading […]<\/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-624762","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fcf5f299-aecc-41f6-8eaf-df8ffa1d74ea","order":"0","is_powered_by":true,"section_story_id":"556f9530-4687-4efb-94ab-fb20a48d5720","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624747],"teaser":"","voice_url":""},"yoast_head":"\nFRA, EGX agree on basket of new trading regulations - 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Companies on the EGX will have to pay an annual fee equivalent to 0.05% of\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":629152,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/fra-looking-to-cut-fees-for-listing-clearing-in-the-offing\/","url_meta":{"origin":624762,"position":3},"title":"FRA looking to cut fees for listing, clearing in the offing","author":"enterpriseam admin","date":"23 May 2018","format":false,"excerpt":"REGULATION WATCH- FRA looking to cut fees for listing, clearing: An advisory committee to the Financial Regulatory Authority (FRA) met yesterday to look into the possibility of lowering listing fees and fees at Misr Clearing, sources told Youm7. The regulator had requested that the EGX and Misr Clearing send their\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":627803,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/starting-today-banks-and-other-financial-institutions-will-be-allowed-to-establish-mutual-funds\/","url_meta":{"origin":624762,"position":4},"title":"Starting today, banks and other financial institutions will be allowed to establish mutual funds","author":"enterpriseam admin","date":"12 June 2018","format":false,"excerpt":"REGULATION WATCH- As of today, banks and other financial institutions will be allowed to establish mutual funds, as per a decision from the Financial Regulatory Authority (FRA) published in the Official Gazette, Al Shorouk reports. 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