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| The Egyptian Financial Supervisory Authority's chairman approved today the EGX's membership rules which was approved by EGX's board of members in 30 April 2014. Dr. Mohammed Omran, EGX chairman, stated that the membership rules aims primarily to raise the market protection levels to the best possible level. This would be done through providing protection for both of customers and EGX member companies. Moreover, it would facilitate procedures for dealers and to simplify the automatic connection means between EGX and its members within the framework of a comprehensive application of the corporate governance principles. EGX membership rules are concerned with the authorization to deal in the stock market and performing the licensed activities for members in accordance with the member company's financial and technical capabilities and their officials' efficiency and expertise. They are also concerned with the programs and automated systems used to deal with data, discovery and early warning of risks that may arise from the various member's activities. |
