Brokers allowed to receive orders via email or mobile messages
Posted: Wednesday, 18 Mar 2020
As part of The Egyptian Exchange (EGX) and The Egyptian Financial Regulatory Authority (FRA) efforts for
the development of the Egyptian capital market, EGX’s proposal permitting brokerage firms to receive
orders via e-mail or mobile text messages has been approved by FRA provided that these means are
stated in the contract and client’s declaration of responsibility documents. This is one of the measures
taken by the Egyptian market in light of the global circumstances markets are going through and the
precautionary measures taken to reduce the spread of covid-19.
FRA emphasized the importance of insuring the speed and efficiency of receiving orders, notification of
receipt and implementation in accordance with the rules followed in this regard, without violating the
legal requirements of the capital market law or its executive regulations.