At an Alexandria conference, Egypt Financial Regulatory Authority Chair Islam Azzam confirmed that regulated short selling is expected to launch within weeks after completion of live testing, technical links between Misr for Central Clearing, Depository and Registry and brokerages, and market participant training. The rollout follows the March 2026 launch of the derivatives market and forms part of broader plans to activate market making, expand institutional investment and support government listings on the Egyptian Exchange. For nonbank financing companies, Basel III requirements are due to apply from January 2027, extending risk management beyond credit risk to market and operational risks. Some companies have begun pilot implementation. Financing providers must also introduce one-time password verification by Nov. 11, 2026, while the authority is advancing behavioral credit assessment, cash flow and debt burden analysis, full supervisory data links and early risk detection. It is also studying a central fraud prevention system and wider use of artificial intelligence to analyze daily and real-time market data.
Egypt Financial Regulatory Authority confirms short selling launch within weeks and January Basel III rollout for nonbank finance
Egypt Financial Regulatory Authority Chair Islam Azzam confirmed that short selling is expected to launch within weeks after live testing, broker integration and training are completed. Basel III requirements for nonbank financing companies are due to apply from January 2027, while one-time password verification must be introduced by Nov. 11, 2026. The authority is also developing data-driven risk monitoring and studying a central fraud prevention system.