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Wednesday, 23 May 2018

FRA looking to cut fees for listing, clearing in the offing

REGULATION WATCH- FRA looking to cut fees for listing, clearing: An advisory committee to the Financial Regulatory Authority (FRA) met yesterday to look into the possibility of lowering listing fees and fees at Misr Clearing, sources told Youm7. The regulator had requested that the EGX and Misr Clearing send their proposals for cutting fees, a move it hopes will help spur new listings and higher trading volumes. The EGX had sent back its proposal, which include reducing listing fees for IPOs and cutting them for SMEs, the source added. The board of the EGX had met last week to propose facilitating listings for SMEs, tightening governance rules and amending delisting regulations as part of its recommended amendments to the executive regulations of the Capital Markets Act.

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