الهيئة العامة للرقابة المالية

The training aims to enhance the government debt secondary market and benefits officials trading related instruments

• The Financial Services Institute (FSI) develops professionals’ capabilities and prepares them to obtain required licenses, aligning with the Authority’s strategy.

In line with the Financial Regulatory Authority’s (FRA), strategy to enhance non-banking financial market efficiency, its training arm, the Financial Services Institute (FSI), organized the first training program titled “Fundamentals of Government Debt Trading.” This program aimed at secondary market officials supports FRA’s broader objectives to improve financial awareness and literacy, develop skilled professionals to boost market competitiveness and foster the use of modern technology for greater financial, insurance and investment inclusion.

Fifteen professionals from securities firms attended the training. The curriculum encompassed government debt issuance and types, primary dealer functions, secondary market trading platforms and the crucial role of central depositories in settlement. Experts from FRA, Ministry of Finance, Misr for Central Clearing and several government banks delivered the program.

The Financial Services Institute will further support professionals in government debt instrument trading with upcoming training programs, following FRA Decree No. 232 of 2024 on secondary market regulations. FRA decree mandates a register of all entities qualified for secondary market trading of government securities and financial instruments. This includes primary and non-primary dealer banks, licensed bond dealers and brokers and authorized investment fund and portfolio managers. It also requires these companies to ensure their secondary market trading teams complete at least 12 hours of FRA-specified training annually.

The Financial Services Institute (FSI), the Authority’s training arm, was established by Law No. 10 of 2009 and Presidential Decree No. 260 of 2010. It supports the non-bank financial sector by developing professionals’ skills and qualifying them for required licenses through various training activities. The FSI also aims to enhance financial literacy among citizens and investors, whether for managing their investments or r exploring career opportunities in the sector.