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Tuesday, 14 July 2020

El Sisi ratifies amendments to Egypt’s Central Depository Act

President Abdel Fattah El Sisi has signed into law recently approved changes to the Central Depository Act, according to a decree published in the Official Gazette. The changes allow joint venture companies to obtain licenses from the Financial Regulatory Authority to provide clearing and depository services and permit the formation of new non-bank financial institutions to clear and settle securities.

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