In a significant development for Egypt’s capital markets, the Financial Regulatory Authority (FRA) has granted licenses to three prominent brokerage firms, officially authorizing them to engage in futures contracts trading. This move is set to deepen the sophistication of the nation’s financial landscape and provide new instruments for investors.
The approvals permit CI Capital Securities Brokerage, Mubasher for Securities and Bonds Trading (Mubasher Trade), and EFG Hermes for Securities Brokerage to begin brokerage activities in futures contracts for securities and financial instruments listed on a licensed futures exchange.
A Landmark Regulatory Approval
The decision was issued by the Committee for the Establishment and Licensing of Companies, which operates under the direct supervision of the FRA. This strategic approval empowers the three financial powerhouses to expand their service offerings into the derivatives market.
The licenses were granted in accordance with Decision No. 7 of 2026, previously approved by the FRA’s Board of Directors. This resolution establishes the stringent financial, technical, and administrative requirements necessary for conducting futures brokerage activities, ensuring operations adhere to the highest standards of governance and institutional discipline.
The Gatekeeper for Financial Innovation
The Committee for the Establishment and Licensing of Companies plays a pivotal role in shaping Egypt’s non-banking financial sector. Established in 2023, its mandate extends beyond these recent approvals.
The committee is responsible for licensing new companies, approving the addition of new activities for existing firms, and overseeing the opening, relocation, or closure of branches. It also handles critical processes such as company liquidations and the registration of founders’ agents, serving as a central authority for the structural integrity and growth of the non-banking financial ecosystem.
About the Financial Regulatory Authority (FRA)
The Financial Regulatory Authority is an Egyptian public authority responsible for the supervision and regulation of non-banking financial markets and instruments. This includes oversight of the capital market, futures exchanges, insurance activities, real estate financing, financial leasing, factoring, and securitization. The FRA’s primary objective is to ensure market stability, protect the rights of stakeholders, and maintain transparency within the non-banking financial sector.
Source: Waya
