EGX takes Measures allowing Investors Remote Access to the Market
18/03/2020
As part of The Egyptian Exchange (EGX) and
The Egyptian Financial Regulatory Authority (FRA) efforts for the development
of the Egyptian capital market, EGX’s proposal permitting brokerage firms to
receive orders via e-mail or mobile text messages has been approved by FRA provided
that these means are stated in the contract and client’s declaration of
responsibility documents. This is one of
the measures taken by the Egyptian market in light of the global circumstances
markets are going through and the precautionary measures taken to reduce the
spread of covid-19.
FRA emphasized the importance of insuring
the speed and efficiency of receiving orders, notification of receipt and
implementation in accordance with the rules followed in this regard, without
violating the legal requirements of the capital market law or its executive
regulations.