{"id":648170,"date":"2017-05-30T03:59:08","date_gmt":"2017-05-30T03:59:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/"},"modified":"2017-05-30T03:59:08","modified_gmt":"2017-05-30T03:59:08","slug":"efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/","title":{"rendered":"EFSA\u2019s new regulations for brokerage firm holdings published in official gazette"},"content":{"rendered":"<p><strong>EFSA\u2019s new regulations for investment in securities brokerages have gone into effect:<\/strong> The Egyptian Financial Supervisory Authority (EFSA)\u2019s new regulations on investments in brokerage firms were published in the Official Gazette on Monday, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29052017&id=c4908951-1c82-44c9-b351-6c840794ac52\">Al Shorouk reports<\/a>. The new rules, which were <a href=\"https:\/\/enterprise.press\/stories\/2017\/05\/04\/efsa-issues-new-regulations-for-holding-stocks-in-brokerage-firms\/\">issued in early May<\/a>, make it mandatory for the EFSA to approve transactions through which any individual or entity would acquire stakes of 10%, 25%, 33%, 50%, 66%, or 100% in a licensed brokerage. EFSA is presenting the change as being part of its drive to tighten capital market regulation and improve overall transparency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFSA\u2019s new regulations for investment in securities brokerages have gone into effect: The Egyptian Financial Supervisory Authority (EFSA)\u2019s new regulations on investments in brokerage firms were published in the Official Gazette on Monday, Al Shorouk reports. The new rules, which were issued in early May, make it mandatory for the EFSA to approve transactions through [&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-648170","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"31be38a5-f5f9-40cc-8964-86468d4a7c63","order":"0","is_powered_by":true,"section_story_id":"50ef5024-b10f-4bf0-9429-256bcaf17026","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648161],"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\u2019s new regulations for brokerage firm holdings published in official gazette - 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\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFSA\u2019s new regulations for brokerage firm holdings published in official gazette\" \/>\n<meta property=\"og:description\" content=\"EFSA\u2019s new regulations for investment in securities brokerages have gone into effect: The Egyptian Financial Supervisory Authority (EFSA)\u2019s new regulations on investments in brokerage firms were published in the Official Gazette on Monday, Al Shorouk reports. The new rules, which were issued in early May, make it mandatory for the EFSA to approve transactions through [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-30T03:59:08+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFSA\u2019s new regulations for brokerage firm holdings published in official gazette\",\"datePublished\":\"2017-05-30T03:59:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/\"},\"wordCount\":103,\"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\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/efsas-new-regulations-for-brokerage-firm-holdings-published-in-official-gazette\/\",\"name\":\"EFSA\u2019s new regulations for brokerage firm holdings published in official gazette - 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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":641881,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/01\/egx-efsa-move-to-remove-fx-restrictions-on-gdr-sales\/","url_meta":{"origin":648170,"position":2},"title":"EGX, EFSA move to remove FX restrictions on GDR sales","author":"enterpriseam admin","date":"1 August 2017","format":false,"excerpt":"EGX, EFSA are moving to eliminate FX restrictions on GDR sales: The EGX\u2019s newly constituted board of directors approved on Sunday the removal of restrictions that force the proceeds of global depository receipt sales be converted to EGP before being distributed to beneficiaries, according to Al Borsa. 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