Complete Amendments to the Regulations for the Execution of the Capital Market Act

Completion of Amendments to the Regulations of the Capital Market Execution of the Capital Market Act. Capital market, comprehensive amendments to the capital market law enforcement regulations.We publish our new visitors today through the Al-Hawar newspaper and start with the main news , the complete amendments to the executive regulations of the Capital Market Act. The Chairman of the Financial Supervisory Board, Dr. Mohamed Omran, has revealed the approval of the Board of Directors of the Authority during its session yesterday to add a new article to regulate the rules and regulations for the issuance of green bonds to contribute to the availability of financial instruments Fund environmentally friendly projects, including new and renewable energy projects, urban projects , green buildings and transport projects (electric transport) as part of the discussions on amendments to the Regulations for the Implementation of the Capital Market Law. The Department of the Authority will publish the rules and procedures for the issuance of green bonds according to the best international demands in partnership with the International Finance Corporation, in accordance with the principles of issuance of green bonds issued by the International Federation of Capital Markets. These projects comply with the requirements of the Clean Environment and Investor Disclosure Requirements and Periodic Reporting.
The Board also approved the amendment of certain provisions governing the activity of management and portfolio management companies in order to protect investors. In addition to these companies and their employees, including the modification, the importance of including the contract with the company, the desire of the customer to make margin and other purchases. 39, borrow securities for sale, and periodic reports that the company must send to investors. Composition and management of securities portfolios and management of investment funds The company is committed to independently manage each activity to avoid conflicts of interest.
The President noted that the coming period will see to amend the Implementing Rules of the Capital Market Act. The Board of Directors of the Authority has already adopted a number of resolutions amending the recent Capital Market Law issued by Law No. 17 of 2018, the most important of which are the rules and procedures relating to the issuing and issuing of sukuk. All matters relating to the issuance of sukuk and its purpose, the beneficiaries of the financing, the composition and mandate of the group of sukukholders, the organization of work of the private stock exchanges, the amendments relating to the regulation of Securities lending activity
On the other hand, Omran explained that the Board approved a resolution on the electronic controls of the distribution of microinsurance documents through companies, companies and companies. Associations and civilian institutions authorized to carry out microinsurance activity
. The Board of Directors has approved the incorporation of Ybader Al Masry, General Manager of the Arab African Securities Company, and Mahmoud Jibril, Chief Executive Officer of Amwal Financial Investment Company, to the members of the Advisory Committee Capital Market (CMA) to support them and benefit from their experience in this field. 659007] Thank you for following us and we always promise to provide all that is the best .. The news transfer of all news sources and facilitate their reading. Do not forget the IK work for our Facebook page and follow the latest news on Twitter. Greetings from the family of the newspaper website.

Source: The Gate of the Sunrise