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Egypt to shrink investors' fees by half

Egypt to shrink investors' fees by half
The workshop is about approaches to regulate money markets

Mubasher: An agreement has been reached with the Investor Protection Fund (IPF) to reduce the fees paid by investors by 50%, the chairman of the Financial Regulatory Authority (FRA), Mohamed Omran, announced on Sunday.

Omran reviewed a study outlined with the aim to expand IPF’s coverage of including more investors.

The chairman had addressed the opening ceremony of a workshop regarding approaches to regulate money markets and improve transparency and counter-corruption levels, better manage risks, and stabilise the financial system.