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Rules & Regulations  

The Egyptian Exchange (EGX) is a well-regulated market for trading financial instruments, governed by a set of legal, regulatory and supervisory rules, which covers the issuance process, listing, delisting, offering, disclosure, trading, and transfer of ownership, clearing, settlement and other related transactions.


The legal framework of the Egyptian capital market is governed by several legislation that aim to supervise the market to protect the enhance investors protection and provide fair, transparent and efficient market.


Main legislation include: The Capital Market Law No.95 of 1992 and its Executive Regulations and Decisions issued in implementation thereof, the Central Securities Depository and Registry Law No.93 of 2000 and its Executive Regulations.

It also includes a number of laws related to the Companies Law No.159 of 1981, its Executive Regulations, and the Investment Law No.72 of 2017, and its Executive Regulations. This in addition to FRA Board of Directors’ decisions, which include the Listing and Delisting Rules on EGX and its amendments. Membership and trading rules issued by EGX Board of Directors and approved by FRA.


Above rules and regulations are continuously being updated to ensure the adoption of the latest international regulatory standards and enhance the investor protection and confidence in the Egyptian capital market.

The legal framework of the Egyptian Exchange is as follows:

Laws and Regulations
 Capital Market Law No. 95 of 1992 Amended Source: (FRA) (Arabic)
Executive Regulations of the Capital Market Law No. 95 of 1992 Amended Source: (FRA) (Arabic)
 Depository and Central Registry Law No. 93 of 2000 (Arabic)
 Executive Regulations of the Depository and Central Registry Law No. 93 of 2000 (Arabic)
 Law No. 10 of 2009 Regulating the Control over Non-Banking Financial Markets and Instruments.(Arabic)
 Presidential Decree No. 191 of 2009 regarding the Provisions Governing the Egyptian Exchange and its Financial Affairs (Arabic)
 Presidential Decree No. 192 of 2009 regarding the Statute of the Egyptian Financial Supervisory Authority (EFSA) (Arabic)
 Companies Law No. 159 of 1981 for Joint Stock Companies, Partnerships Limited by Shares and Limited Liability Companies. (Arabic)
 Executive Regulations of the Companies Law No. 159 of 1981 for Joint Stock Companies, Partnerships Limited by Shares and Limited Liability Companies and Solo Person Companies  (Arabic)
 Law No. 72 of 2017 Promulgating the Investment Law (Arabic)
 Executive Regulations of the Investment Law No. 72 of 2017 (Arabic)
FRA Decisions
Managing Rules and Decision includes the following:
       
Important Note:

EGX has published these legislations to provide guidance and awareness to investors in the market. In case there is a difference between any of these rules and the rules published in the official Egyptian Gazette (Al-Waqai al-Misriyah),the official Egyptian Gazette shall prevail.