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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)
The Membership Rules
EGX Membership Rules (Arabic)
Licensing Regulations for Member Firms
Licensing Regulations Manual (Arabic)
Brokerage Firms
 FRA BOD Decree No. (117) of 2022 Amending FRA BOD Decree No. (29) of 2004 (Arabic)
 FRA BOD Decree No. (39) of 2020 Amending FRA BOD Decree No. (29) of 2004 (Arabic)
FRA BOD Decree No. (39) of 2018 Regarding the Regulations of Setting up a Research Unit for Brokerage Firms (Arabic)
FRA BOD Decree No. (01) of 2015 Regarding the Regulations of Moving and Closing Brokerage Firms’ Branches (Arabic)
FRA BOD Decree No.(80) of 2011 Regarding Rules of Registering Executive and Marketing Branches of Brokerage Firms in FRA's Registry
 FRA Chairman Decree No. (24) of 2007 Regarding Standards of Licensing for Employees of Brokerage Firms (Arabic)
 FRA BOD Decree No.(29) of 2004 Regarding “Rules Regulating the Operation of Settlement Guarantee Fund” (Arabic)
Custodians
Periodical Book No.(04) of 2021 Regarding Agencies Licensed with Custodianship Activity
FRA BOD Decree No. (57) of 2018 Regarding the Regulations of Securities’ Retention for Banks Licensed to Practice Custodianship Activity (Arabic)
FRA Chairman Decree No. (07) of 2002 Regarding Rules Regulating Market (Rules of Licensing Banks and Foreign Banks Branches Listed by the Central Bank of Egypt to Practice Custodianship Activity) (Arabic)
Primary Dealers
FRA BOD Decree No.(35) of 2021 Regarding Licensing for Banks, some of Companies Operating in Non-banking Financial Activities and Primary Dealers to Operate in Money Market Funds Activity on Its Own or with Another Party "to view the FRA BOD decree No. 58 of 2018, please refer to (Rules and Regulations/Trading Rules/ Mutual Funds)"
Ministry of Finance Decree No. (723) of 2002 Regarding Rules Regulating Primary Dealers (Arabic)
Ministry of Finance Decree No. (480) of 2002 Regarding Primary Dealers System (Arabic)
Market Maker
EGX Chairman Decree No.(106) of 2020 Amending Article No. (3) of EGX Decree No. (133) of 2014 Regarding Rules of Market Maker for ETFs (Arabic)
EGX Chairman Decree No.(39) of 2019 Amending Article No.(39) & Form No. (03) of EGX Membership Rules (Arabic)
EGX Chairman Decree No.(03) of 2019 Regarding Rules of Market Maker for Listed Securities on EGX “According to the latest update on 01/04/2019” (Arabic)
FRA Chairman Decree No.(1200) of 2018 Amending FRA Chairman Decree No. (265) of 2014 Regarding the Procedures Set for Granting Licenses to Practice Market Maker Activities (Arabic)
FRA Chairman Decree No.(265) of 2014 Regarding the Procedures Set for Granting Licenses to Practice Market Maker Activities (Arabic)
EGX Decree No. (133)  of 2014 Rules of Markert Maker for ETFs (Arabic)
FRA BOD Decree No. (38) of 2014 Regarding Rules of Contracting with One Market Maker for ETFs (Arabic)
 
FRA BOD Decree No. (56) of 2010 Regarding Rules of Experience and Efficiency to Practice Market Maker Activity (Arabic)
Ministry of Investment Decree No. (293) of 2007 Adding Market Maker Activity to the Activities of Companies Operating in the Field of Securities (Arabic)
General Regulations
 Standards of Granting and Maintaining License and Rules for Owing Shares of Companies Operating in Non-banking Financial Activities
FRA BoD Decree No. (58) of 2022 Regarding The Standards and Procedures Required for Foundation, Licensing and Approval of Companies Wishing to Engage in Non-Banking Financial Activities through Financial Technology Techniques (Arabic)
FRA Bod Decree No. (53) of 2018 Regarding the Standards of Granting and Maintaining the Licenses and Rules for Owning Shares of Companies Operating in Non-Banking Financial Activities “according to the last update on 20/02/2022” (Arabic)
FRA BOD Decree No. (65) of 2017 Regarding Rules of Owning the Shares of Companies Operating in the Field of Securities “It Was Cancelled by the FRA BOD Decree No. (53) of 2018, Except the 9th Article; Applied on all Companies Complied by the Decree No. (53) of 2018” (Arabic)
FRA BOD Decree No. (106) of 2015 Regarding Regulating the Licenses of Brokerage Activities“It is cancelled by the FRA BOD Decree No. (53) of 2018, Except the 2nd Item of the 3rd Article, then it is totally cancelled by the FRA BOD Decree No. (65) of 2020” (Arabic)
 
 Standards of Governance Rules for Companies Operating in Non-banking Financial Activities
FRA Board Decree No. (107) of 2021 Regarding the Disclosure Procedures of Companies Operating in the Field of Non-Banking Financial Activities on Environmental, Societal and Governance Practices Related to Sustainability and the Financial Effects of Climate Changes (Arabic)
FRA Bod Decree No. (165) of 2020 FRA Bod Decree No. (109) of 2020 “Concerning item no. 6-1-1 (Appointment of the External Auditor) mentioned in the FRA BOD Decree No. (100) of 2020 Regarding the Governance Rules for the Companies Operating in Non-Banking Financial Activities” (Arabic)
FRA BoD Decree No. (100) of 2020 Regarding the Governance Rules for the Companies Operating in Non-Banking Financial Activities (Arabic)
 
 Standards of Licensing for Companies Operating in the Field of Financial Securities to Receive Subscription in Mutual Funds Certificates
FRA BOD decree No.(86) of 2021 Amending FRA BoD decree No. (33) of 2018 (Arabic)
FRA BOD Decree No. (40) of 2020 Amending FRA BoD Decree No. (33) of 2018 Regarding Standards of Licensing for Companies Operating in the Field of Securities to Receive Subscription in Mutual Funds Certificates (Arabic)
FRA Chairman Decree No. (1619) of 2019 Regarding Standards of Receiving and Executing Purchases and Retrieval of Open Mutual Funds Certificates through Brokerage Firms Licensed to Receive Subscription in Mutual Funds Certificates (Arabic)
FRA BOD Decree No.(33) of 2018 Regarding Standards of licensing for Companies operating in the Field of Securities to Receive Subscription in Mutual Funds Certificates (Arabic)
 
 Standards of Anti Money Laundering and Terrorism Financing for Companies Operating in the Field of Financial Securities
FRA BOD Decree No. (120) of 2019 Regarding the Supervisory Controls in the field of Anti Money Laundering and Terrorism Financing for the Companies operating in Non –Banking Financial Activities (Arabic)
 Standards of Granting License of Brokerage in Futures Contracts Derived from Securities and Financial Instruments Listed on Stock Exchanges
FRA BOD Decree No. (49) of 2019 Regarding Requirements and Conditions for Granting the License of Brokerage in Futures Contracts Derived from Securities and Financial Instruments Listed on Stock Exchanges. (Arabic)
 Standards of Activities’ Optional Suspension for Companies Operating in the Field of Financial Securities
FRA BOD Decree No. (76) of 2019 Amending FRA BOD Decree No. (194) of 2018 Regarding Rules of Optional Suspension for the Companies Operating in the Field of Securities (Arabic)
FRA BOD Decree No. (194) of 2018 Regarding Rules of Optional Suspension for the Companies Operating in the Field of Securities (Arabic)
 
 Standards of Experience and Efficiency for the Management of Companies Operating in the Field of Financial Securities
FRA BOD Decree No. (10) of 2019 Modifying Some Articles in the Two FRA BOD Decrees No. (85) & (162) of 2018 (Arabic)
FRA BOD decree No. (162) of 2018 Regarding Rules that Should be Available in Board Members of the Companies that Have Listed Securities on EGX and Subject to the FRA (Arabic)
FRA BOD Decree No. (85) of 2018 Regarding Rules that should be available in Board Members of the Companies subject to the FRA (Arabic)
FRA BOD Decree No. (125) of 2010 Regarding Rules of Experience and Efficiency for the Management of Companies Operating in the Field of Securities (Arabic)
 
 Standards of The Law Regulating the Use of Non-Cash Payment Methods
Periodical Book No.(13) of 2021 Regarding the Application of the Law Regulating the Use of Non-Cash Payment Methods (Arabic)
 Standards of Investor Protection Fund
FRA BOD decree No. (156) of 2022 amending FRA BOD No. (32) of 2021 (Arabic)
FRA BOD decree No. (32) of 2021 regarding the Issuance of the Article of Association of the Investor Protection Fund from Non-Commercial Risks (Arabic)
Prime Minister Decree No. (2339) of 2019 regarding Reorganizing Investor Protection Fund from Non-Commercial Risks from the Activities of the Listed Companies and Companies Operating in the field of Financial Securities (Arabic)
  
 Standards of Main Jobs in Companies Operating in Non – Banking Financial Activities
FRA Periodical Book No. (05) of 2022 Regarding Main Jobs’ Tests in Companies Operating in Non – Banking Financial Activities (Arabic)
 
Capital Adequacy and Subordinated Debt Regulations
FRA Decree No.(14) for the year 2017 dated on 31/10/2021 (Arabic only)
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
FRA BOD Decree No. (151) for the Year 2022 Amending Decree No. (61) for the Year 2017 for Enhancing Protection of Investors' Dealing with Companies Operating in Securities (Arabic)
 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)
FRA BoD Decree No.(72) for the Year 2022 Amending Decree No.67 for the Year 2014 Regulating Margin Trading Transactions Practiced by Brokerage Firms & Custodians (Arabic)
FRA BOD Decree No.(46) for the Year 2021 Regarding allowing licensed investment fund management firms to finance margin trading activities through brokerage firms (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)
Short Selling Regulations
FRA Chairman Decree No.(1609) for the Year 2019 on 18/12/2019 Regarding the Short Selling Guiding Contract Form (Arabic)
Periodical Memo No. (12) for the Year 2019 Regarding the Requirements that Should Be Met in the Short Selling Contracts (Arabic)
EGX Chairman Decree No. (757) for the Year 2019 Regarding the criteria for the selection of securities allowed to be traded using the short selling activity (Arabic)
FRA Chairman Decree No. (268) for the Year 2019 on 26/02/2019 Regarding the Short Selling Regulations
Intra Day Trading Regulations
FRA BOD Decree No.(82) for the Year 2021 on 06/06/2021 Regarding Dealing In Bonds Listed In the Egyptian Exchange With Intra Day Trading Mechanism (Arabic Only)
 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) of 2012 “ the items concerning the Technological Structure in the 1st Attachment Were Cancelled and also the 2nd Attachment Was Cancelled by the FRA Chairman Decree No. (1005) of 2013
 FRA Chairman Decree No. (49) of 2006 Regarding Requirements of Founding and Licensing for Brokerage Firms “Items No. (1,2,3) of the 3rd Article and the Attachments No. (3,4) Were Cancelled by the FRA Chairman Decree No (1005) of 2013” (Arabic)
Other Regulations
FRA Board Decree No. (26) of 2022 about Creating a Committee for Settlement of Disputes Arising from Dealing in the Field of Securities (Arabic)
Periodical Memo No. (15) for the Year 2021 Regarding the collaterals accepted by Non-banking financial companies to finance their clients (Arabic)
FRA BOD Decree No. (166) of 2020 Regarding Defining the Terminology of Financial Entities mentioned in the FRA BOD decrees (Arabic)
EGX Chairman Decree No. (1337) for the Year 2018 Regarding the Specialized Activities Procedures (Arabic)
FRA BOD Decree No. (15) of 2018 Amending FRA BOD Decree no. (143) of 2010 Regulating Listing and Trading of the Shares of Companies Operating in the Field of Securities (Arabic)
FRA Chairman Decree No. (1418) of 2018  Regarding the complaince of Companies Operating in the Field of Securities that formerly Established in Accordance with the Laws regulating Investment Affairs (Arabic)
FRA BOD Decree No. (135) of 2016 Regarding the Procedures of Acquiring Brokerage Firms or Mutual Funds Companies  (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)
FRA Chairman Decree No. (316) of 2014 Regarding the Technological Requirements and Information Secured System that should be available at Hosting Providers (Arabic)
FRA BOD Decree No. (143) of 2010 Regulating Listing and Trading of the shares of Companies Operating in the Field of Securities (Arabic)
 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)