Securities Division To Meet With Al-Sharkawy On Brokerage Firms Challenges

The Division of Securities at the Egyptian Federation of Chambers of Commerce will be holding a meeting on Sunday in the presence of Dr. Ashraf Al-Sharkawy – the Chairman of the Egyptian Financial Supervisory Authority (EFSA). The meeting aims to strengthen the cooperation between the EFSA and the brokerage firms.

Awni Abdel Aziz, Chairman of the Division, said the meeting is to discuss problems related to connecting lines which brokerage firms face.

Abdel Aziz added that the meeting is to provide a framework for more effective cooperation between the regulator (EFSA) and the brokerage firms sector stressing that the sector is ‘one of the most prominent capital market pillars.’

The meeting will be tackling the brokerage firms’ major problems. Afterwards, the EFSA would review those problems in order to reach sensible decisions.