News Details
Suspending Masters Securities
Reference to decision No. (57) for the year 2015 issued on 10/05/2015 by the Egyptian financial Supervisory Authority , Masters Securities has been suspended for 3 months starting Tuesday 12/05/2015 or till the company abide by the following:
-Establishing an internal audit system that ensues the security of its information and transactions and submitting it to the Egyptian financial Supervisory Authority.
-Submitting the Board of Directors report including the procedures taken regarding the offenders and the procedures of prohibiting its recurrence.
(Audit Report should include Employees in charge and their authorities)
-Providing the Egyptian financial Supervisory Authority with the training courses given to the company managers and board of directors discussing the employees roles and function regarding the capital market law , regulations , listing and delisting and money laundering requirements.
As per paragraph (B) Article No.(31) of the capital market law No.(95) for the year 1992, as it represents a threat to market participants.