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FRA postpones elections for MCDR presidency, Board membership - Daily News Egypt

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FRA postpones elections for MCDR presidency, Board membership

Postponement will continue until all procedures to ratify amendments of company's basic system are completed


The Financial Regulatory Authority (FRA) has announced that the candidacy window for the Chair position and membership of the Board of Directors at Misr for Central Clearing, Depository and Registry (MCDR) has been postponed.

The decision to postpone, which refers to the new 2021-2024 term, will also affect all procedures.

In a statement to the Egyptian Exchange (EGX), issued last Wednesday, the FRA said that this postponement will continue until all procedures to ratify the amendments of the company’s basic system are completed. This is in light of the system’s approval by the company’s general assembly.

Topics: elections FRA MCDR

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https://dailyfeed.dailynewsegypt.com/2021/04/27/fra-postpones-elections-for-mcdr-presidency-board-membership/
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