Judge Khaled El-Nashar, FRA’s Deputy Chairman announces that FRA will participate in the activities of World Investor Week 2019, launched by the International Organization of Securities Commissions (IOSCO) for the third year in a row. The initiative has achieved positive results in promoting investor education and protection in the past years.
World Investor Week 2019 includes many activities carried out by almost 90 member countries planning to offer an array of activities to increase awareness of investor education and protection in their jurisdiction. The activities aim to promote investor education through conducting a number of workshops and educational tours at Egypt’s universities and launching several messages through the media focusing on protecting investors.
FRA’s Deputy Chairman says that the IOSCO which was established in 1983, is the most important worldwide in setting the rules and regulations of financial markets and the standards that each country seeks to adhere to in order to ensure fairness, transparency and efficiency of markets and management of associated risks. The membership of the organization includes about 95% of the financial markets in the world, represented by about 120 regulatory bodies and the membership of a number of international and regional financial organizations.
El-Nashar also noted that FRA maintained its seat in the IOSCO’s board for the third round in a row during the current session.
According to El-Nashar, FRA is keen to participate in the activities of this initiative annually. He adds that the activities include workshops and forums in cultural places, holding awareness sessions in universities, distributing brochures and disseminating key messages for investors in the capital markets during World Investor Week that takes place during 20-25 October to enrich the financial education of individual shareholders.
FRA’s Deputy Chairman added that activities of World Investor Week coincide – this year – with the launch of the 2019 edition of Global Competitiveness Report issued by the World Economic Forum, showing Egypt’s progress on “Protecting Minority Investors indicator to be ranked the 28th and jumping 17 places compared to last year where it was ranked the 45th. It is worth mentioning that spreading financial education and messages to protect individual investors was one of the reasons that contribute to Egypt’s progress in Global Competitiveness Report.