Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, hosted a high-level delegation from the Financial Services Authority (FSA) of the Sultanate of Oman. Led by Ahmed bin Ali Al-Mamari, Executive Vice President of the FSA, the Omani delegation included key officials from Financial Stability and Supervision Unit, Disclosure and Market Surveillance Department and Risk Analysis Department. The two-day visit aimed to strengthen bilateral cooperation, facilitate regulatory knowledge transfer and execute the operational commitments outlined in the Memorandum of Understanding (MoU) signed between the two authorities.<\/p>\n
The bilateral sessions provided a comprehensive platform to review key market developments in both nations, share regulatory reform experiences, solidify supervisory integration and adopt best market practices to boost overall efficiency and enhance investor protection.<\/p>\n
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During the welcoming session, Dr. Islam Azzam highlighted FRA’s ongoing initiatives to develop Egypt\u2019s capital market, update its legislative frameworks and refine operational architecture. Key focal points included the launch and regulation of the financial derivatives and futures market, the implementation of short-selling mechanisms (securities lending and borrowing for sale) and the upgrading of automated electronic market surveillance to ensure trading integrity transparency and market efficiency.<\/p>\n
FRA Chairman emphasized that regulatory collaboration, joint technical workshops, and continuous knowledge transfer remain fundamental pillars for advancing capital markets in light of rapid financial technology advancements and complex investment products. He underscored the growing imperative of big data analytics in enhancing supervisory capabilities and proactively mitigating systemic market risks.<\/p>\n
For his part, Ahmed bin Ali Al-Mamari, Executive Vice President of Oman\u2019s FSA, expressed his appreciation for the visit, stressing its importance in deepening bilateral regulatory alignment and building more resilient, efficient capital markets. He reaffirmed the necessity of sustained communication between technical teams to maximize mutual benefit from shared supervisory frameworks.<\/p>\n
Throughout the technical workshops, FRA executives delivered detailed briefings on the regulatory and operational blueprints for Egypt\u2019s derivatives market, focusing on futures contracts as critical hedging tools for managing price volatility, enabling diverse investment strategies and deepening market liquidity.<\/p>\n
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FRA presented the ongoing preparations for short selling under Board Resolution No. 155 of 2026. Discussions outlined how regulated securities borrowing and lending will improve price discovery and market liquidity, supported by robust tech infrastructure and inter-party connectivity to secure execution and settlement processes.<\/p>\n
The sessions addressed the automated market surveillance system, transaction monitoring mechanisms and the detection of unusual trading patterns, highlighting the leverage of technology and data analytics to enhance regulatory capabilities in detecting and handling potential violations.<\/p>\n
A dedicated workshop focused on the oversight of certified auditors and accounting firms, covering quality assurance protocols, professional standards and coordination mechanisms with relevant professional bodies.<\/p>\n
The Omani delegation reviewed the technical and regulatory aspects of these developments, including governing supervisory frameworks, implementation mechanisms, and risk monitoring, aligned with the mandates of the relevant departments on both sides and within the context of knowledge sharing across disclosure, market surveillance and financial stability.<\/p>\n
At the conclusion of the visit, both sides agreed to sustain cooperation under their signed Memorandum of Understanding (MoU), helping advance regulatory frameworks in both countries and strengthening integration among Arab financial regulators.<\/p>\n","protected":false},"author":124,"featured_media":26195089,"parent":0,"template":"","format":"standard","categories":[144],"tags":[],"fra_news_taxonomy":[2138],"news_paper_taxonomy":[],"class_list":["post-26214147","fra_news","type-fra_news","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","fra_news_taxonomy-----en"],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/26214147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/26195089"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=26214147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=26214147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=26214147"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=26214147"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=26214147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}