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Membership Rules

The Membership Rules aim to enforce governance principals, limiting the risk related to dealing in the Egyptian Exchange through managing and controlling such risks by allowing a member to deal in EGX and exercise its activities licensed by the Financial Regulatory Authority (FRA). Such a license is granted according to the member’s financial and technical potentials, the experience of the firm’s executives and employees as well as the automated systems used for data processing, in addition to the early detection and warning against the risks ensued from carrying out different activities.

The Membership Manual (Arabic Only)
Licensing Regulations Regarding Brokerage Firms and Their Employees
Licensing Regulations Manual (Arabic)
 Decree No. (39) for the Year 2019 Amending Article No. (39) & Templet No. (03) in the EGX Membership Rules (Arabic)
 Decree No. (3) for the Year 2019 Regarding Market Maker Activities' Rules (Arabic)

 FRA Chairman Decree No. (1200) for the Year 2018 on 14/10/2018 Amending Decision No. (265) for the Year 2014 Regarding the Procedures Set for Granting Licenses to Practice Market Maker Activities (Arabic)
FRA BOD Decree No. (155) for the Year 2018 on 20/09/2018 Amending Decision No. (53) for the Year 2018 Regarding the Standards of Granting and Maintaining the Licenses and Rules for Owning Shares of Companies Operating in Non-bank Financial Activities (Arabic)
FRA BOD Decree No. (53) for the year 2018 on 26/04/2018 Regarding the Standards of Granting and maintaining the Licenses and Rules for owning shares of companies operating in non-bank financial activities (Arabic)
FRA BOD Decree No. (65) for the Year 2017 Regarding the Regulations Governing the Securities Ownership of Securities Companies (Arabic)
 Decree No. (106) for the Year 2015 Regarding Regulating the Licenses of Brokerage Activities (Arabic)
 FRA Chairman Decree No. (265) for the year 2018 on 27/03/2014 regarding the procedures set for granting licenses to practice market maker activities (Arabic)
Decree No. (133) Regarding the Marker Maker’s Activity on ETFs (Arabic)
Decree No. (24) for the Year 2007 Regarding Standards of Licensing for Employees in Brokerage Companies (Arabic)
The Membership Rules
EGX Membership Rules (Arabic)
Capital Adequacy and Subordinated Debt Regulations
Capital Adequacy and Subordinated Debt Regulations Manual  (Arabic Only)
 EFSA BOD Decree No. (77) Dated 06/06/2017 Amending Decree No.(14) for the Year 2007 Regarding the Capital Adequacy Standards (Arabic)
EFSA BOD Decree No. (63) for the Year 2015 Regarding Amending the Capital Adequacy Standards for Companies Practicing Market Maker's Activities (Arabic)
EFSA BOD Decree No. (37) for the Year 2014 Regarding the Capital Adequacy Standards for Companies Practicing Market Maker's Activities (Arabic)
EFSA BOD Decree No. (21) for the Year 2014 Regarding Investments and Savings Certificates (Arabic)
Periodical Memo No. (44) for the Year 2008 Regarding Post-Dated Cheque
Periodical Memo No. (39) for the Year 2006 Regarding Financing Debtors (Arabic)
Membership Committee Regulations Regarding sending the Net Capital Adequacy Report on the Membership Electronic System (Arabic)
Market Participants Regulations
 EFSA BOD Decree No. (84) for the Year 2017 Amending Decree No. (61) on 19/04/2017 for Enhancing Protection Regarding Investors' Dealing with Companies Operating in Securities (Arabic)
 EFSA BOD Decree No. (61) for the year 2017 on 19/04/2017 Amended by Decree No. (84) for the Year 2017 for Enhancing Protection of Investors' Dealing with Companies Operating in Securities (Arabic)
 EFSA's BOD Decree No.(61) on 19/04/2017 Regarding procedures to enhance investor's protection in dealing with companies operating in securities (Arabic)
 Periodical Memo No. (49) for the Year 2009 Regarding Services Provided by Members for its Clients in Any Financial Market Other than the Egyptian Exchange
 Periodical Memo No. (50) for the Year 2009 Regarding Risks of Signing Blank Sale/Purchase Orders by Investors Dealing with Brokerage Firms
 Periodical Memo No. (54) for the Year 2009 Regarding Proxy Bonds
 Periodical Memo No. (6) for the Year 2010 Regarding the Orders Issued By Banks to Brokerage Firms for the Benefit of Clients
 Periodical Memo No. (9) for the Year 2010 Regarding Dealing Through a Proxy (Arabic)
 Periodical Memo No. (2) for the Year 2016 Regarding Regulating the Implementation of Transactions Between Clients Trading Through the Same Brokerage Company (Arabic)
 EFSA BOD Decree No. (32) for the Year 2014 Regarding Rules, Regulations and Procedures of Brokerage and Portfolio Management Companies for Unlisted Foreign Stocks (Arabic)
 Membership Committee Decree No. (146) for the year 2010 Regarding Elderly Clients (Arabic)
Insiders Regulations
 Periodical Memo No. (2) for the Year 2013 Regarding Managers, Employees and Relatives to the Second Degree Practicing Margin Trading
 EFSA Chairman Decree No. (8) for the Year 2014 Regarding Providing Data about Managers, Employees and their Relatives in Brokerage Companies (Arabic)
 Periodical Memo No. (2) for the Year 2014 Regarding Regulating Rules and Measures Set for Gaining EFSA's Approval to Allow Managers, Employees and their Relatives to Deal with Brokerage Companies
 Margin Trading Regulations
Margin Trading Regulations Manual (Arabic Only)
 EFSA BOD Decree No.(67) for the Year 2014 Regulating Margin Trading Transactions Practiced by Brokerage Firms and Custodians (Arabic)
  EFSA BOD Decree No. (77) Dated 06/06/2017 Amending Decree No.(14) for the Year 2007 Regarding the Capital Adequacy Standards (Arabic)
Intra Day Trading Regulations
 Intra Day Trading Regulations Manual (Arabic Only)
 EGX chairman decree No.(1336) for the year 2018 regarding the Securities Eligible for Intraday Trading (Arabic Only)
 FRA BOD Decree No.(96) for the year 2018 on 10/06/2018 Amending FRA BOD Decree No.(67) for the year 2012 Regarding the Intra Day Trading Mechanism (Arabic)
 FRA BOD Decree No. (67) for the year 2012 on 08/10/2012 Regarding the Intra Day Trading Mechanism (Arabic)
 FRA BOD Decree No. (20) on 09/02/2014 Amending The Intra Day Trading Executive Rules (Arabic)
FRA BOD Decree No. (06) for the year 2015 on 01/02/2015 Amending The Intra Day Trading Executive Rules (Arabic)
 Periodical Memo No.(03) for the year 2018 on 28/01/2018 Regarding the Minimum Amount Required from Brokerage Companies Eligible for The Same Day Trading (Arabic) 
Online Trading Regulations
  Online Trading Regulations Manual (Arabic Only)
 EFSA Chairman Decree No. (1005) For The Year 2013 Regarding The Technological Requirements And Information Secured System That Should Be Available At Brokerage Companies
 FRA BOD Decree No. (68) for the year 2012 on 08/10/2012 Amending the Information System's Basic and Technical Structure of Brokerage Companies Eligible for Online Trading (Arabic)
FRA Chairman Decree No. (49) for the year 2006 on 14/05/2006 Regarding the Requirements set for Founding a Brokerage companies and Grant their Licenses to Exercise Activities (Arabic)
Other Regulations
EGX chairman decree No.(1337) for the year 2018 regarding the specialized activities procedures (Arabic).
 Periodical Memo No.(03) for the year 2018 on 28/01/2018 Regarding the Minimum Amount Required from Brokerage Companies Eligible for The Same Day Trading (Arabic)
 FRA Decree No.(33) for the year 2018 on 03/04/2018 regulating the licenses of receiving subscription in mutual funds certificates by securities companies (Arabic)
 FRA Decree no. (15) For the year 2018 amending decision no. (143) for the year 2010 regulating listing and trading shares of brokerage companies (Arabic)
 FRA Decree no. (143) for the year 2010 regulating listing and trading shares of brokerage companies (Arabic)
 EFSA's BOD Decree No.(136) on 27/11/2016 Regarding  fees of  Acquiring Brokerage Companies  (Arabic).
 EFSA's BOD Decree No.(135) on 27/11/2016 Regarding the procedures of  Acquiring Brokerage Companies  (Arabic).
 EFSA BOD’s Decree No.(107) for the year 2016 on 25/09/2016 Regarding the Governance Rules of Securities Brokerage (Arabic)
 EFSA Decree No. (80) for the Year 2011 Regarding Rules Regulating Listing of Executive and Marketing Branches of Brokerage Companies Listed At EFSA’s Registry
 EFSA Decree No. (80) for the Year 2011 Regarding Rules Regulating Listing of Executive and Marketing Branches of Brokerage Companies Listed At EFSA's Registry
 Practices Violating Provision No. (09) of the Executive Regulation of the Capital Market Law No. (95) for the year 1992 Regarding Some Public/Private Offers (Arabic)
 Membership Committee Decree No.(76) for the year 2016 Regarding Practices Violating Provision No. (09) of the Executive Regulation of the Capital Market Law (Arabic)