Key highlights of reforms of the capital markets law:
- Access to finance – Align legislation with international standards to benefit from new financing tools. This includes: regulation of the trading and issuance of Sukuk; the introduction and regulation of the contracts market (futures, options, and son ); passing the secured lending laws and; creating a secured lending registry.
- Transparency & Governance – Combat money laundering through the application of more international standards and improve the regulatory role of EFSA
- Competitiveness – Revive the commodity market, which will enhance competition, improve the trade of goods and reduce commodity prices.
- Administrative Reform – Improve administration of the capital markets by: lifting some of the burden from listed companies and introducing a union to improve operations of the capital market and; establish Self Regulating Organization (SROs) to supervise the capital market.
For more information about Egypt’s financial and banking laws, click here.