Aggregated News From Investment Management Regulators

EFSA Prepares a specialized program on Capital Market Legislations for Judges of the Economic Courts

Report/Flag

Please complete the required fields.



• Sherif Samy: specialization and experience of judges of the Economic Courts enhances Capital Markets in Egypt
• EFSA’s Chairman and the Assistant to the Minister of Justice inaugurate a specialized program for judges of the economic courts

Sherif Samy – EFSA’s Chairman confirmed that the economic courts play an important role in achieving a prompt justice in lawsuits and disputes related to the activities performed in the Capital Market, companies and financial Leasing and other activities that subjected to EFSA’s supervision.  He added that in light of its specialization, the judges of the Economic Courts have accumulated experience that is required to resolve the economic issues that are governed by many technical aspects.

In his speech – on the occasion of the opening of a specialized program on  Capital Market’s legislations  for judges of the  Economic Courts in the presence of Judge Ahmed Khairy, Assistant  to the Minister of Justice for the specialized courts where a large number of judges attended the program for two days – EFSA’s Chairman noted that EFSA  is guided by the provisions of the Economic Courts in preparing draft laws  to amend Laws and  its Executive Regulation that govern various financial activities. He added that discussing the legislative framework of the Capital Market is just beginning and it will be followed by other programs in mortgage finance, securitization and factoring, as well as movable guarantees.

Judge Ahmed Khairy, Assistant to the Minister of Justice emphasized that the judges are keen to be aware of the developments that occur in various economic legislations and discuss the technical considerations for each activity and he added that he welcomed the specialized programs organized by the Financial Services Institute (FSI) an affiliate of EFSA.

In his speech Counselor/ Reda Abdel Moaty-   Deputy Chairman of the Authority introduced various legislations regulating the Capital Market at all levels, and referred to the jurisdiction of the Administrative Court to review  appeals on EFSA’s  decisions and that there is certain system which is set for submitting  grievances against EFSA’s  decisions.

Sherif Samy noted that EFSA is paying great attention to apply corporate governance rules and ensuring the commitment to the Egyptian Accounting and Auditing Standards and financial valuation standards, those standards that are considered as helping tools that enhance objectivity and transparency in the various financial markets.

Source link

Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

Recent Articles

Ernesto A. Lanza Named Acting Director of SEC Office of Municipal Securities

Washington, D.C., Dec. 3, 2021 — The Securities and Exchange Commission today announced that Ernesto A. Lanza will serve as Acting Director of the Office of Municipal Securities (OMS). Mr.

Tender regarding the ‘Provision of services of two Office Admins/Telephone Operators

The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to announce that it has issued the public Tender No. 19/2021 for the ‘Provision of services...

Nexus IFA (Clone of FCA Authorised Firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Blanket Order 52-503 – Exemption from National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure

Regulated Industries FCNB is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-oper

Deutsche Wallet (Clone of FCA Authorised Firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Get the latest from Regulatory.News in your inbox!

×