Could Beltone finally get a reprieve from the EGX? Egyptian Financial Supervisory Authority chief Sherif Samy expects that EGX will finally stop cancelling trades on Beltone Financial’s shares after the regulator reviewed the fair value report the company submitted explaining why its stock had moved significantly against the market trend, Al Mal reports. The EGX had repeatedly cancelled Beltone’s shares over the course of the year on suspicions of stock market manipulation, prompting the company to file complaints with the regulator, which were rejected. EFSA announced new regulations back in August requiring listed companies to submit fair value reports if their stock price moves unusually in a short period of time “in a manner uncharacteristic of its performance, or the performance of the sector and market.” The EGX should stop cancelling once the results of the reports are announced on the trading floor, Samy added.

Samy also told the newspaper that EFSA will issue new regulations governing insurance for SMEs. These include allowing the Principal Bank for Development and Agricultural Credit and certain civil society groups to issue insurance policies for small businesses.