{"id":1384,"date":"2017-03-12T12:27:53","date_gmt":"2017-03-12T12:27:53","guid":{"rendered":"http:\/\/127.0.0.1:8081\/?page_id=45"},"modified":"2017-03-12T12:27:53","modified_gmt":"2017-03-12T12:27:53","slug":"consolidated-rules-otc-market","status":"publish","type":"post","link":"https:\/\/riad-riad.com\/consolidated-rules-otc-market\/","title":{"rendered":"Consolidated Rules for the OTC Market"},"content":{"rendered":"

The board of the Egyptian Financial Supervisory Authority (EFSA<\/abbr>) issued Decree no. 17 of 2017 to consolidating and unifying the rules pertaining to EGX Over the Counter (OTC<\/abbr>) market for trading unlisted securities, proof of transfer of ownership and their publication (the "Rules"). The Rules replace EFSA<\/abbr>‘s decisions issued during the period
\nbetween 1994 and 2012 in relation to OTC<\/abbr>. According to the Rules, the OTC<\/abbr> market is
\ndivided into two markets: <\/p>\n

    \n
  1. \n

    The Deal Market under which the brokerage firm shall notify the EGX about the
    \ntransaction within one week from the date of the sale and purchase orders. The
    \nbrokerage firm is required to confirm the validity of the transaction and its
    \ncompliance with the laws and regulations. EGX will then issue a confirmation of the
    \ntransfer of ownership and announce all information related to the transaction. <\/p>\n

    A transaction or a number of related transactions with a value of more than EGP<\/abbr> 20
    \nMillion must be notified to the Market Operations department at EGX in advance.<\/p>\n<\/li>\n

  2. The Order Market relating to delisted securities which are centrally deposited.
    \nOrders shall be executed according to priorities, similar to what applies on the
    \nexchange trading. Clearing and settlement of trades executed on this market shall be undertaken on T+3 <\/li>\n<\/ol>\n

    Transactions, whether in the Deal Market or the Order Market, with value more than
    \nEGP<\/abbr> 100,000 must be executed through local bank accounts unless the transaction is
    \nbetween related parties.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The board of the Egyptian Financial Supervisory Authority (EFSA) issued Decree no. 17 of 2017 to consolidating and unifying the rules pertaining to EGX Over the Counter (OTC) market for trading unlisted securities, proof of transfer of ownership and their publication (the “Rules”).<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"yoast_head":"\nConsolidated Rules for the OTC Market - riad-riad.com<\/title>\n<meta name=\"description\" content=\"Consolidated Rules for the OTC Market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riad-riad.com\/consolidated-rules-otc-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consolidated Rules for the OTC Market - riad-riad.com\" \/>\n<meta property=\"og:description\" content=\"Consolidated Rules for the OTC Market\" \/>\n<meta property=\"og:url\" content=\"https:\/\/riad-riad.com\/consolidated-rules-otc-market\/\" \/>\n<meta property=\"og:site_name\" content=\"riad-riad.com\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-12T12:27:53+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/riad-riad.com\/consolidated-rules-otc-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/riad-riad.com\/consolidated-rules-otc-market\/\"},\"author\":{\"name\":\"Mohamed\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/343abff9d1fb725bfa1dbf1244aab1cb\"},\"headline\":\"Consolidated Rules for the OTC Market\",\"datePublished\":\"2017-03-12T12:27:53+00:00\",\"dateModified\":\"2017-03-12T12:27:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/riad-riad.com\/consolidated-rules-otc-market\/\"},\"wordCount\":240,\"publisher\":{\"@id\":\"https:\/\/riad-riad.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/riad-riad.com\/consolidated-rules-otc-market\/\",\"url\":\"https:\/\/riad-riad.com\/consolidated-rules-otc-market\/\",\"name\":\"Consolidated Rules for the OTC Market - 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