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The “Finance Supervisory” regulates dealing in bonds on the stock exchange on the same day after the end of the trading session




The Financial Supervisory Authority has authorized clearing and settlement operations for transactions executed on bonds listed on the Egyptian Stock Exchange, on the same day after the end of the trading session.
 
The decision of the Board of Directors of the Financial Supervisory Authority - which was published by Al-Waqa’a Al-Masrya in its issue issued today, Monday, included that it is permissible to deal on bonds, buying and selling in the same session, by selling all or part of what was purchased in the same trading session, in accordance with the executive rules set by the Central Securities Depository and Registry Company and approved by the Authority.
 
The decision stated that dealing on bonds listed on the Egyptian Stock Exchange shall be in the same session through securities brokerage companies that obtained the approval of the Authority to deal in shares in the same session, and that companies licensed to engage in the activity of dealing, brokerage and brokerage in bonds, if they meet the conditions required in Like brokerage firms, dealing on bonds listed on the Egyptian Stock Exchange in the same session.
 
The decision clarified that the stock exchange and the Central Depository and Registry Company will prepare and equip the automated systems and technical requirements to work with the mechanism of dealing on bonds in the same session, with the establishment of a system for control and immediate intervention to cancel the violating operations during the trading session, provided that the authority is notified at the end of the session of all the operations that were canceled in accordance with The mechanism of dealing and the justification for cancellation.
 
The Authority also obligated the Central Depository and Registry Company to provide it, at the end of each working day, in an automated manner, with the data of dealing on bonds in the same session, with regard to clients, the bonds dealt with, and the dealing brokerage companies.
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