عربي English
HomeAbout UsMembersStatisticsPublicationsNewsEventsGalleryContact UsMembers Area
ADI 5160.733 (AED)  1.71% | AMGNRLX 1809.55 (JOD)  0.14% | BAX 1160.94 (BHD)  1.35% | BLSI 1207.903 (USD)  0.06% | MASI 10564.6172 (MAD)  -0.15% | DFMGI 3274.06 (AED)  -0.15% | EGX30 10688.16 (EGP)  4.52% | ISX 72.01 (IQD)  0% | KWSE 5275.04 (KWD)  -0.18% | MSI 6317.66 (OMR)  -0.55% | PLE 483.41 (JOD)  -0.01% | QE 12282.17 (QAR)  -0.42% | TASI 9717.9 (SAR)  -0.65% | TUNINDEX 5585.19 (TND)  0.45% | SPAFEUP 64.11 (USD)  -0.02%
Source: Thomson Reuters.   Last updated on Sep 17, 2019 at 01:17AM (UTC).   Delayed by at least 15 minutes.
The Egyptian Exchange Amends its Coding System to Simplify Coding Steps
Feb 13, 2019
EGX concluded amendments its coding system allowing coded investors to modify and edit their data in a simple and quick process.  This comes as a result of a study conducted by EGX based on discussions with related parties of the market to amend and simplify the procedure for editing data of coded investors through a “Unified Code”.
 
The previous procedure required reregistering of the investor if there is a change in the data, then wait for a client’s request to proceed, verify the new code securities balances instead of old code and then delete the old account. 
 
Through the new “Unified Code” account creation will be limited to new investors and legal cases that require it, such as splitting coded entity registered as an investor. The process for new coded or editing current investors’ data should be done in a maximum of two working days.
 
These amendments will contribute to achieving the following:
  • Reduce time taken to complete this process to be from four hours to a maximum of two working days.
  • Compatibility with the best international practices relating to KYC rules.
  • Encourage investment managers to rely on Omnibus Account system.
  • Better control over trading.
LOGO.png