Wikiprocedure

Egypt - Obtain Securities Dealer License

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ProcedureEdit

Apply In-Person:

  1. To Obtain Securities Dealer License in person, the applicant has to approach the The Egyptian Exchange (EGX) office.
  2. Address and contact details can be found in the following Contact link
  3. Read and legibly complete the application with correct information.
  4. Then the applicant should gather and prepare all the required supporting documents as mentioned in the “Required Documents” section below. The applicant can also refer to the provided checklist.
  5. Upon obtaining all the required supporting documents, the applicant should attach the documents to the application form in a single file.
  6. Then the applicant should draw a company cheque of EGP. 2500 as the application fee for the license and attach the cheque to the application file and that can be found under the "Fees" section of this page.
  7. Then the applicant should submit the Securities Dealer License application to the Egyptian Exchange (EGX) office.
  8. Upon submission of the application, the Authority will review the application and communicate to the applicant regarding any areas of noncompliance with the license requirements which the applicant is required to accomplish.
  9. If the authority determines that the application meets the required standards, the authority will conduct an inspection on the applicant's premises of operations to ensure that the applicant has adequate technical and administrative capacity to carry out the business for which the license is sought.
  10. After a successful inspection of the applicant’s premises, the authority will conduct due diligence on the applicant’s company personnel to ensure that the directors and key personnel are fit and proper to hold their respective positions.
  11. Then the Board of the Authority will deliberate on the application and findings of the inspection and the due diligence report and if the board determines that the application meets all the required standards for awarding the license, the board will approve it.
  12. Once the application is approved, the authority will inform and the applicant will be required to settle the requisite license approval fee.
  13. Then the Authority will inform the applicant when the License is available for collection.
  14. The review and approval process takes 14 working days.



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Required DocumentsEdit

  • Completed application form
  • Certified copy of the Certificate of Incorporation.
  • Certified copy of the Memorandum and Articles of Association.
  • Unaudited accounts for the period of the accounting year ending not earlier than 6 months before the date of the application.
  • Evidence of financial capability or investment capital of a minimum of EGP. 30 million in cash or portfolio of securities and listed shares.
  • The applicant’s audited accounts for the preceding two years (where applicable).
  • Detailed business plan.
  • Duly filled and executed Fit & Proper Forms for directors and key personnel.
  • Document Detailing Risk Management framework in place.



Office Locations & ContactsEdit

The Egyptian Exchange (EGX)
Headquarter: 4A, El Sherifien St.,
Postal Code 11513
P.O. Box 358 Mohamed Farid, Downtown, Cairo
Tel: (202) 23941900/ 23941901

Smart Village Address:
Building B 135, Smart Village
KM 28 Cairo- Alexandria Desert Road
P.O Box 47 Smart Village
Tel: (202) 35316300/ 35316400

Alexandria Address:
11, Talaat Harb St., Down town, in front of the Central Bank
Postal Code: 21111
P.O Box: 873, Alexandria, Egypt
Tel : (203) 4843600/1/2
Fax : (203) 4843604
All queries and comments should be addressed to: [email protected]
Or Contact us through our hotline: 15221
Contact link

EligibilityEdit

  • Incorporated companies who wish to obtain a Securities Dealer License are eligible to apply.



FeesEdit

  • An application fee of EGP. 2,500



ValidityEdit

  • The license is valid for one year and is eligible for renewals.



Documents to UseEdit

Please attach documents that can be used by people. e.g. links



Sample DocumentsEdit

Please attach sample completed documents that would help other people.



Processing TimeEdit

The review and approval process takes 14 working days.


Related VideosEdit

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.



InstructionsEdit

  • The Authority has the right to request any additional information and/ documents that may be required to adequately evaluate the application.
  • The Authority may also convene meetings with the applicant's technical team to facilitate the progression of the application if needed.
  • Any applications that remain outstanding for six months from the date of submission of the application to the Authority will be not be processed with the authority.



Required InformationEdit

  • Name of company
  • Registered office
  • Date of incorporation
  • Address
  • Email
  • Location, address, and telephone number of the principal office
  • Location, address, and telephone number of branch offices
  • Details of capital structure
  • Directors
  • Particulars of other directorship(s) of the directors and secretary.
  • Particulars of shares held by directors or secretaries in other companies
  • Business references
  • Profile of the chief executive and key employees in the applicant company
  • List the office facilities of the applicant



Need for the DocumentEdit

  • No person is allowed to carry on or hold himself out as carrying on business as a Securities Dealer unless he is approved as such by the Egyptian Exchange (EGX) office.



Information which might helpEdit

Enter other informations which might help.



Other uses of the Document/CertificateEdit

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.



External LinksEdit

Place some external links which might help.



OthersEdit

More information which might help people.



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