Egypt's Financial Regulatory Authority Issues Model Short Selling Contracts Ahead of Launch

The Chairman of Egypt's Financial Regulatory Authority has issued a decision approving the model contract between brokerage firms and clients borrowing securities. The move comes ahead of the anticipated official launch of the short selling mechanism on the stock exchange.

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• The decision was issued by the Chairman of the Financial Regulatory Authority, Dr. Islam Azzam, according to Al-Masry Al-Youm.

  «أصدر الدكتور إسلام عزام، رئيس الهيئة العامة للرقابة المالية، قرارًا بالنموذج الاسترشادي للعقود بين شركات السمسرة والعملاء المُقترضين»

  المصري اليوم
• The model regulates the contracts between brokerage firms and clients borrowing securities.

  «أصدر رئيس الرقابة المالية، قرارًا بالنموذج الاسترشادي للعقود بين شركات السمسرة والعملاء المُقترضين، تمهيدًا للإطلاق الرسمي المرتقب»

  صدى البلد
• CNBC Arabia reported that the contracts are concluded for the purpose of selling, and that the mechanism is expected to launch on the stock exchange.

  «النموذج الاسترشادي للعقود المبرمة بين شركات السمسرة والعملاء المقترضين للأوراق المالية بغرض البيع»

  CNBC عربية on MSN

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