Financial Authority sets short selling rules in Egypt

The General Authority for Financial Control in Egypt has issued a new regulatory framework for "short selling" operations (borrowing securities for sale), aimed at enhancing liquidity, pricing efficiency, and deepening the capital market. The decision includes rules for documenting transactions, financial guarantees, and controls to monitor borrowing and lending limits. It also activates a central lending system that allows parties to view offers transparently. Additionally, it sets a maximum borrowed securities limit of 40% of the total freely available securities, with brokerage firms required to provide an appropriate technological infrastructure within a month of the regulation’s implementation. This reflects the Authority’s commitment to modernizing the market, diversifying investment tools, and maintaining market stability while protecting the interests of participants, as part of its efforts to develop capital market instruments and promote transparency and good governance.

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