{"id":636874,"date":"2017-11-02T03:50:53","date_gmt":"2017-11-02T03:50:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/"},"modified":"2017-11-02T03:50:53","modified_gmt":"2017-11-02T03:50:53","slug":"efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/","title":{"rendered":"EFSA planning changes to regs on treasury shares, mortgage finance"},"content":{"rendered":"

EFSA planning changes to regs on treasury shares, mortgage finance: <\/strong>The Egyptian Financial Supervisory Authority (EFSA) is apparently still planning on making further changes to EGX regulations, this time with treasury stocks. EFSA is reportedly considering obliging shareholders who have acquired a stake north of 33% in a company through buybacks and eliminations of treasury stocks to make a mandatory tender offer, according to Al Borsa<\/a>. The move is hoped would curb stock fraud via treasury shares, the newspaper said. EFSA is also drafting new amendments to the Mortgage Finance Act in cooperation with the Egyptian Businessmen\u2019s Association, Al Ahram reports<\/a>. The amendments will allow homebuyers to get a mortgage before construction on a property begins, in a bid to facilitate access to financing, said EFSA head Mohamed Omran. These changes just after EFSA shortened the IPO window to one month from the initial green light<\/a> and eased restriction<\/a> on investments funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

EFSA planning changes to regs on treasury shares, mortgage finance: The Egyptian Financial Supervisory Authority (EFSA) is apparently still planning on making further changes to EGX regulations, this time with treasury stocks. EFSA is reportedly considering obliging shareholders who have acquired a stake north of 33% in a company through buybacks and eliminations of treasury […]<\/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-636874","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bbee390b-2055-4cfb-9a54-0d66cd5df7ba","order":"0","is_powered_by":true,"section_story_id":"e588b384-a589-483d-a247-3110fa2e1016","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636862],"teaser":"","voice_url":""},"yoast_head":"\nEFSA planning changes to regs on treasury shares, mortgage finance - 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\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFSA planning changes to regs on treasury shares, mortgage finance\" \/>\n<meta property=\"og:description\" content=\"EFSA planning changes to regs on treasury shares, mortgage finance: The Egyptian Financial Supervisory Authority (EFSA) is apparently still planning on making further changes to EGX regulations, this time with treasury stocks. EFSA is reportedly considering obliging shareholders who have acquired a stake north of 33% in a company through buybacks and eliminations of treasury […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-02T03:50:53+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\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFSA planning changes to regs on treasury shares, mortgage finance\",\"datePublished\":\"2017-11-02T03:50:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/\"},\"wordCount\":162,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/\",\"name\":\"EFSA planning changes to regs on treasury shares, mortgage finance - 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The Egyptian Financial Supervisory Authority (EFSA) has submitted documents to the Administrative Court accusing some shareholders in Beltone Financial of manipulating stocks, Al Shorouk reports. Media reports don\u2019t make this clear, but no allegations of wrongdoing have been lodged against Beltone or any company executive.\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":644856,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/05\/efsa-to-draft-new-exec-regs-for-capital-markets-act-once-it-passes-the-house\/","url_meta":{"origin":636874,"position":1},"title":"EFSA to draft new exec regs for Capital Markets Act once it passes the House","author":"enterpriseam admin","date":"5 July 2017","format":false,"excerpt":"EFSA to draft new regs for Capital Markets Act once it passes the House: The Egyptian Financial Supervisory Authority (EFSA) will be drafting new executive regulations for the amended Capital Markets Act once the House of Representatives signs off on the bill, EFSA boss Sherif Samy said on Tuesday, according\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":642122,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/efsa-sets-deadline-for-abiding-by-minimum-of-5-freefloat-shares\/","url_meta":{"origin":636874,"position":2},"title":"EFSA sets deadline for abiding by minimum of 5% freefloat shares","author":"enterpriseam admin","date":"7 August 2017","format":false,"excerpt":"Thirty companies could be delisted from the EGX if they do not meet new listing regulations handed down by the Egyptian Financial Supervisory Authority (EFSA) which we noted last week. Under the new amendments, companies do not have at least 5% of their shares in freefloat could face delisting 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":649244,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/","url_meta":{"origin":636874,"position":3},"title":"EFSA allows real estate companies to swap shares in real estate funds","author":"enterpriseam admin","date":"26 April 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority issued amendments governing subscriptions to real estate funds that would allow real estate companies to trade in shares of their company or properties for shares in real estate funds in an initial public offering, EFSA chief Sherif Samy said. Companies which subscribe to a real\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650417,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/efsa-approves-mm-group-listing-on-the-egx\/","url_meta":{"origin":636874,"position":4},"title":"EFSA approves MM Group listing on the EGX","author":"enterpriseam admin","date":"23 March 2017","format":false,"excerpt":"In other news from the capital markets, the Egyptian Financial Supervisory Authority issued a non-objection to MM Group\u2019s listing on the EGX, Al Mal reports. Final pricing on the transactions will be set after the international offer closes on Tuesday, 4 April, three days before the Egyptian public offering closes\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":639531,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/","url_meta":{"origin":636874,"position":5},"title":"EFSA sets one month deadline for companies to IPO after receiving approval","author":"enterpriseam admin","date":"31 October 2017","format":false,"excerpt":"Companies will now have to IPO shares within one month of receiving approval to do so from the Egyptian Financial Supervisory Authority (EFSA), the authority said in a statement on Monday after amending listing regulations. Under new regulations, companies wishing to list new shares must first apply for approval from\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\/636874","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=636874"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636874\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636862"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636874"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636874"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}