Egypt’s Stock Exchange said on Sunday it began the registration of stock market arbitrators and specialized experts based on the registration regulation adopted in November 2014.
Conditions set for registration included requirements that applicants possess enough expertise in the stock market field with a clean criminal and vocational record.
Egypt Exchange chief, Mohamed Omran, said the market is in a tremendous effort to improve the investment environment, which he said requires essential measures that could hasten the settling of investment disputes while maintaining the right to litigation unviolated.
Omran added that the market adhered to its plan to adopt that system of registration for the first quarter of 2015, adding that the system would help enhance the Egyptian market’s appeal to investors.
Wageeh Mostafa, deputy director of the Egyptian Exchange, said the arbitration rules set by the market to settle disputes come in line with UN standards, noting that registration occurs twice a year in January and July, with an exceptional opening in February 2015.
