FRA decides to form committee to elect board of federation of securities

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Mon, 18 Mar 2019 - 12:16 GMT

BY

Mon, 18 Mar 2019 - 12:16 GMT

FILE- Chairperson of the Egyptian Financial Supervisory Authority (EFSA) Mohamed Omran

FILE- Chairperson of the Egyptian Financial Supervisory Authority (EFSA) Mohamed Omran

CAIRO - 18 March 2019: Chairman of the Financial Regulatory Authority Mohamed Omran has decided to form a committee to elect a board, the first of a newly established Egyptian federation for securities.

The committee will also be tasked with outlining measures for FRA accredited companies to conduct any of the activities related to securities, Omran said in a statement Monday.

It should also prepare for a first general assembly meeting of the federation, he added.

Decisions of the committee are only endorsed in the presence of the majority of its members, Omran made it clear.

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