Latest news and articles about financial regulation from NEX English
The Financial Regulatory Authority has decided to extend the deadline for submitting 'carbon footprint' reports for non-banking financial companies until December 31, 2026, instead of the previous deadline of June 30. This decision responds to the results of community dialogue with various sectors.
The Financial Regulatory Authority has approved the increase of Orascom Development Egypt's capital to <strong>3.65 billion EGP</strong> through the issuance of free shares to shareholders. This increase reflects strong growth in the company's performance, stemming from capitalizing on retained earnings.
More than twenty exchange-traded funds (ETFs) linked to life events like elections and recessions are facing approval delays from the US Securities and Exchange Commission (SEC). This postponement comes as issuers rush to turn the thriving prediction market into easily tradable products for individual investors.
The Financial Regulatory Authority and the Egyptian Exchange announced updates to capital market rules aimed at improving the mechanisms for selling borrowed securities. This initiative seeks to enhance transparency and efficiency in the Egyptian market.
The Financial Regulatory Authority has approved the capital increase of Bonyan Development and Trade Company through the distribution of free shares. This move reflects the company's strategy to enhance its investor base by capitalizing on a portion of its retained earnings.
The Financial Regulatory Authority has approved the disclosure report for Arab Dairy Panda, allowing a capital reduction from 500 million EGP to 491.87 million EGP by canceling treasury shares. This decision aligns with financial market regulations.
Dr. Islam Azam, head of the Financial Regulatory Authority, announced a significant increase in women's representation in company boards to <strong>25%</strong>. This initiative is part of broader training programs and supportive policies aimed at empowering women.
The Financial Regulatory Authority reported that total funding from its affiliated entities reached <strong>65.6 billion Egyptian pounds</strong> in January 2023, indicating significant activity in the financial sector.
The U.S. government has filed a lawsuit against Illinois to stop its regulation of prediction markets. This move aims to ensure that local laws do not interfere with federal laws governing financial markets.
The Egyptian Financial Regulatory Authority announced amendments to vehicle consumption regulations aimed at achieving a better balance between customer rights and insurance companies. This change is part of the authority's efforts to improve the working environment in the insurance market.
Senior financial officials in the United States have unveiled a new proposal aimed at raising the standards for classifying non-bank companies as 'too big to fail.' This initiative is part of regulatory efforts to enhance the stability of the American financial system.