{"id":636232,"date":"2017-12-27T04:19:28","date_gmt":"2017-12-27T04:19:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/27\/capital-markets-act-amendments-to-move-to-plenary-session-soon-nasr\/"},"modified":"2017-12-27T04:19:28","modified_gmt":"2017-12-27T04:19:28","slug":"capital-markets-act-amendments-to-move-to-plenary-session-soon-nasr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/27\/capital-markets-act-amendments-to-move-to-plenary-session-soon-nasr\/","title":{"rendered":"Capital Markets Act amendments to move to plenary session soon -Nasr"},"content":{"rendered":"

LEGISLATION WATCH- The House of Representatives\u2019 Economics Committee is expected to finalize its review of the amended Capital Markets Act \u201csoon\u201d <\/strong>and pass it along for a plenary session vote, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal<\/a>. The amended act is expected to bring a basket<\/a> of new financial instruments to the market, including futures trading and a commodities exchange, in addition to introducing penalties for financial crimes and new rules governing taxes for the sector.<\/p>\n

Also yesterday, the House Economics and Industry committees agreed on extending the deadline for importers to comply with amendments to the <\/strong>Importers Registry Act<\/strong><\/a> until the end of June 2018<\/strong>, Al Borsa reports<\/a>. The deadline had been set for end of December this year. The General Authority for Export and Import Control had agreed in November<\/a> to grant importers temporary licenses until they were able to fulfill the new requirements, which increase the minimum required capital for importers.<\/p>\n

Elsewhere in the House, the Tourism Committee gave a <\/strong>preliminary nod yesterday<\/strong><\/a> to amendments to the Civil Aviation Law, <\/strong>while the general assembly signed off<\/a> on a EUR 225 mn loan agreement <\/strong>with German development bank KfW that Egypt had signed last October<\/a>. The facility is meant to support economic and social reforms and will be repaid over nine years at an annual interest rate of 2.88%, according to deputy head of the House Planning and Budgeting Committee, Yasser Omar.<\/p>\n

Also on the agenda, MPs at the Housing Committee are planning to begin deliberating on a new Social Housing Act \u201cwithin days,\u201d <\/strong>according to Al Masry Al Youm<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- The House of Representatives\u2019 Economics Committee is expected to finalize its review of the amended Capital Markets Act \u201csoon\u201d and pass it along for a plenary session vote, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal. The amended act is expected to bring a basket of new financial […]<\/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-636232","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9fa5a738-19b2-464e-9474-8d7b72ca47af","order":"0","is_powered_by":true,"section_story_id":"b06adb6b-b82c-4c7f-906c-a9cb1d590642","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636219],"teaser":"","voice_url":""},"yoast_head":"\nCapital Markets Act amendments to move to plenary session soon -Nasr - 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\/2017\/12\/27\/capital-markets-act-amendments-to-move-to-plenary-session-soon-nasr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital Markets Act amendments to move to plenary session soon -Nasr\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The House of Representatives\u2019 Economics Committee is expected to finalize its review of the amended Capital Markets Act \u201csoon\u201d and pass it along for a plenary session vote, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal. 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The amendments include exempting the fund from taxes for a renewable\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":631553,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/tenders-and-auctions-act-income-tax-amendments-to-go-to-plenary-session-in-april\/","url_meta":{"origin":636232,"position":1},"title":"Tenders and Auctions Act, Income Tax amendments to go to plenary session in April","author":"enterpriseam admin","date":"21 March 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives will discuss the Tenders and Auctions Act in a plenary session when it reconvenes in April, Planning and Budgeting Committee chair Hussein Issa tells Al Mal. The committee will put its \u201cfinal touches\u201d on the bill after the March presidential elections before it moves\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":636015,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/house-debating-amendments-to-capital-markets-act\/","url_meta":{"origin":636232,"position":2},"title":"House debating amendments to Capital Markets Act","author":"enterpriseam admin","date":"19 December 2017","format":false,"excerpt":"In other major legislative news, the House Economics Committee began discussion of amendments to the Capital Markets Act on Monday with an appearance before the committee by Financial Regulatory Authority head Mohamed Omran, Al Mal reports. The amendments will permit the introduction of financial instruments including futures trading and 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":634529,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/fra-boss-expects-capital-markets-act-to-be-issued-in-february\/","url_meta":{"origin":636232,"position":3},"title":"FRA boss expects Capital Markets Act to be issued in February","author":"enterpriseam admin","date":"17 January 2018","format":false,"excerpt":"LEGISLATION WATCH- The Capital Markets Act is expected to come out sometime in February, Financial Regulatory Authority (FRA) head Mohamed Omran said yesterday, Al Mal reports. The House\u2019s Economics Committee had said in December that it was close to finalizing its review of the act \u2014 which should clear 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":631215,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/13\/amended-capital-markets-act-now-law\/","url_meta":{"origin":636232,"position":4},"title":"Amended Capital Markets Act now law","author":"enterpriseam admin","date":"13 March 2018","format":false,"excerpt":"Amended Capital Markets Act now law, paves the way for new financial instruments and exchanges: Amendments to the Capital Markets Act were published on the Official Gazette on Monday, making them officially the law of the land. The amendments, which were passed by the House of Representatives last month, pave\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":628051,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/house-approves-leasing-and-factoring-act\/","url_meta":{"origin":636232,"position":5},"title":"House approves Leasing and Factoring Act","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"LEGISLATION WATCH- House approves Leasing and Factoring Act: The House of Representatives gave its final approval to the Leasing and Factoring Act during a plenary session yesterday, Al Masry Al Youm reports. The law, which regulates leasing and factoring as non-banking financing tools that are subject to oversight by 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636232","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=636232"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636232\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636219"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636232"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636232"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}