Investment Ministry studying amendments to Capital Markets Law
The Ministry of Investment has formed a committee to study amendments to the Capital Markets law. The amendments reportedly include changes to how private placements and Sukuk issuance are regulated. Proposed changes also allow trades on the EGX to be reversed when international money laundry is suspected, and to give the EGX flexibility to set lower listing fees to attract smaller companies to the bourse, according to the Egyptian Financial Supervisory Authority (EFSA) chief Sherif Samy. (Al Mal)
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