{"id":636991,"date":"2017-11-06T03:49:08","date_gmt":"2017-11-06T03:49:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/"},"modified":"2017-11-06T03:49:08","modified_gmt":"2017-11-06T03:49:08","slug":"efsa-becomes-fra","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/","title":{"rendered":"EFSA becomes FRA"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>To save us here at Enterprise a keystroke, the Egyptian Financial Supervisory Authority (EFSA) has rebranded itself (in English only) to FRA. <\/strong>The Egyptian Financial Supervisory Authority \u2014 EFSA \u2014 <a href=\"http:\/\/www.efsa.gov.eg\/content\/efsa_ar\/efsa_news\/efsa_616.htm\">announced yesterday<\/a> that it has changed its English-language name to the Financial Regulatory Authority, or the FRA. The authority will be working to make the change official over the coming weeks on its documents and website. (Snark aside, this kinda makes sense, we think.)<\/p>\n<p>Also yesterday, <strong>the FRA formed a consulting committee made up of industry experts to aid in the capital market development strategy,<\/strong> <a href=\"https:\/\/alborsanews.com\/2017\/11\/05\/1062621\">Al Borsa says<\/a>. In addition to amendments to the Capital Markets Act, the government has <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/05\/inching-closer-towards-commodities-exchange-sukuks-and-short-selling\/\">also been working on<\/a> making new financial instruments available to investors, including a commodities exchange, sukuk, short-selling, and secondary bond markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To save us here at Enterprise a keystroke, the Egyptian Financial Supervisory Authority (EFSA) has rebranded itself (in English only) to FRA. The Egyptian Financial Supervisory Authority \u2014 EFSA \u2014 announced yesterday that it has changed its English-language name to the Financial Regulatory Authority, or the FRA. The authority will be working to make the [&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-636991","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d3c85d2d-de55-4043-b90a-ac8f30bb1c64","order":"0","is_powered_by":true,"section_story_id":"df244d77-307b-4112-9bb8-4ce5f6a4d890","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636980],"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>EFSA becomes FRA - 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\/06\/efsa-becomes-fra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFSA becomes FRA\" \/>\n<meta property=\"og:description\" content=\"To save us here at Enterprise a keystroke, the Egyptian Financial Supervisory Authority (EFSA) has rebranded itself (in English only) to FRA. The Egyptian Financial Supervisory Authority \u2014 EFSA \u2014 announced yesterday that it has changed its English-language name to the Financial Regulatory Authority, or the FRA. The authority will be working to make the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-06T03:49:08+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\/06\/efsa-becomes-fra\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFSA becomes FRA\",\"datePublished\":\"2017-11-06T03:49:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/\"},\"wordCount\":132,\"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\/06\/efsa-becomes-fra\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/\",\"name\":\"EFSA becomes FRA - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-06T03:49:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EFSA becomes FRA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EFSA becomes FRA - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/efsa-becomes-fra\/","og_locale":"en_US","og_type":"article","og_title":"EFSA becomes FRA","og_description":"To save us here at Enterprise a keystroke, the Egyptian Financial Supervisory Authority (EFSA) has rebranded itself (in English only) to FRA. 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Under the new policy, which Samy says complement recent amendments to the executive regulations of the Capital Markets Act, the authority must sign off on any transaction\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":638371,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/house-confirms-omrans-appointment-as-efsa-chairman\/","url_meta":{"origin":636991,"position":1},"title":"House confirms Omran\u2019s appointment as EFSA chairman","author":"enterpriseam admin","date":"3 October 2017","format":false,"excerpt":"House confirms Omran\u2019s appointment as EFSA chairman: One of the House of Representatives\u2019 first agenda items yesterday was confirming the appointment of former EGX chief Mohamed Omran as the new chairman of the Egyptian Financial Supervisory Authority, reports Al Mal. Omran was made interim head in August.","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":645227,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/efsa-issues-new-financial-solvency-regulations-for-brokerage-and-securities-firms\/","url_meta":{"origin":636991,"position":2},"title":"EFSA issues new financial solvency regulations for brokerage and securities\u2019 firms","author":"enterpriseam admin","date":"16 July 2017","format":false,"excerpt":"EFSA issues new financial solvency regulations for brokerage houses: The Egyptian Financial Supervisory Authority (EFSA) has issued new financial solvency regulations that will require securities and brokerage firms to keep cash on-hand equivalent to 10% of their total liabilities, Al Mal says. Brokerage houses will also have to electronically file\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":645755,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/efsa-hopes-to-begin-issuing-short-term-debt-instruments-in-egypt-this-year\/","url_meta":{"origin":636991,"position":3},"title":"EFSA hopes to begin issuing short-term debt instruments in Egypt this year","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"EFSA hopes to green-light the issuance of short-term debt instruments this year: The Egyptian Financial Supervisory Authority (EFSA) is planning to being allowing companies to issue short-term bonds before the end of 2017 for the first time, authority chief Sherif Samy said on Thursday, according to Al Mal. The move,\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":644808,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/efsa-implements-changes-to-companies-act\/","url_meta":{"origin":636991,"position":4},"title":"EFSA implements changes to Companies Act","author":"enterpriseam admin","date":"4 July 2017","format":false,"excerpt":"EFSA implements amendments to general assembly provisions Companies Law amendments: The Egyptian Financial Supervisory Authority (EFSA) began enforcing on Monday amendments to the Companies Act mandating that listed companies issue their first call for a general assembly at least 21 days in advance rather than 15 previously, Al Borsa reports.","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":645459,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/efsa-approves-fair-value-report-on-dbk-pharma-ahead-of-ipo\/","url_meta":{"origin":636991,"position":5},"title":"EFSA approves fair value report on DBK Pharma ahead of IPO","author":"enterpriseam admin","date":"20 July 2017","format":false,"excerpt":"IPO WATCH- The Egyptian Financial Supervisory Authority (EFSA) signed off yesterday on DBK Pharma\u2019s fair value assessment of EGP 3.1 per share ahead of the company's planned initial public offering of 35% of its shares, sources close to the matter tell Al Borsa. 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