The House of Deputies (HoD) under Hanafi el-Gebali has given the final approval to a number of amendments to Capital Market Law No. 95 of 1992.
The amendments, which were approved during Tuesday’s plenary session, go in line with Article 27 of the constitution which states that Egypt’s economic system is aimed to attain prosperity through sustainable development and social justice.
The amendments of the law clearly meet the objective of raising the living standard of citizens and achieving prosperity.
The law toes the line of new rules recently introduced by the Financial Regulatory Authority (FRA) with the aim to secure finances needed to achieve comprehensive development in Egypt.
The law also aims to provide the funding necessary to achieve greater economic growth and comprehensive development.
