Financial Control 145 cases were filed against dissidents in 2018
Khalid Al Nashar, Deputy Chairman of the Financial Supervisory Authority (EFSA), disclosed that 145 complaints against violators were made to achieve the objectives of stabilizing the markets, protecting the customers and activating the provisions of the regulated laws, based on the procedures of examination and evaluation of the practices of companies and institutions subject to their control in accordance with the rules and provisions of those laws. Distributed among 25 cases of counterfeiting of companies operating in the capital market, 8 violations of section 9, "margin purchase", 7 violations of manipulation of companies and customers, 16 violations of "clients" fraud, 24 violations of financial statements of restricted companies in the capital market, And others.
Al-Nashar added that the Financial Supervisory Authority is always seeking reconciliation, which showed that the number of reconciliations amounted to 276% and 60% of the total results of the binding operations during 2018, distributed among 53 general reforms have been resolved, and 143 reconciliations Not to submit financial statements on time.
He pointed out that 412 approvals were issued for dealing with brokering and portfolio management companies, examining and examining the number of 47 applications for transfer of company shares, issuing approvals for the transfer of ownership of 74 applications and reviewing and studying 61 applications for the transfer of non-restricted shares Exceeding 20 million pounds, in addition to studying, examining and responding to the number of 2 international arbitration cases filed by investors against Egypt.
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