The Egyptian Exchange Issued a Decision to Start Working with the Regulations for ETFs and Market Maker

The Egyptian Exchange Issued a Decision to Start Working with the Regulations for ETFs and Market Maker

The Egyptian Exchange (EGX) issued an executive decision on the 7th of April 2014 to start applying the regulations for both ETFs and market maker activity.  The new regulations for market maker stressed on its providing an endorsement stating separation between the activities of market-making and brokerage activity. 

It also defined the technical infrastructure for information systems that should be applied by the market maker to connect with EGX. 

On the other hand the new regulations of ETFs should not be less than the securities comprising the portfolio of the fund for 95% of the securities comprising the index taking care not to make harmful effects on the holders of Fund's.  

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