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EGX issues new controls to limit practices harmful for market - Daily News Egypt

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EGX issues new controls to limit practices harmful for market

The decision is applicable in case of control violations of the capital market law


The chairperson of the Egyptian stock exchange (EGX) has issued decision No. 37 for year 2017 on Thursday. The decision limits practices deemed harmful for the market in a way that allows the EGX’s administration to stop clients from benefiting from the mechanism of supply and demand, for no more than a month.

The decision is applicable in case a group of traders violate the controls of the capital market law or its executive decisions.

The decision came after a session of the EGX’s board of directors held on 23 February 2017 and the approval of the EGX’s rules acquired from the Egyptian Financial Supervisory Authority (EFSA) on 8 March 2017.

EGX’s management will activate the decision on the day of its issuance on 9 March 2017.

https://cdn1.dailynewsegypt.com/2017/03/09/egx-issues-new-controls-limit-practices-harmful-market/
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