Egypt’s Financial Regulatory Authority (FRA), through its Financial Services Institute (FSI), has run its first training programme for officials responsible for trading government securities and financial instruments in the secondary market, focused on the principles and fundamentals of dealing in government debt instruments. The programme trained 15 participants from securities trading and brokerage firms and covered government debt issuance mechanisms, instrument types, the role of primary dealers, secondary market trading systems, and the role of central depository and custody in settlement. Delivery was supported by experts from the FRA, the Ministry of Finance, Misr for Central Depository and Registry, and a number of state-owned banks. FSI plans a series of further programmes in the period ahead following the FRA’s 2024 decision regulating secondary market trading in government securities, which created an FRA register of eligible banks and licensed firms and requires trading teams to complete at least 12 hours of FRA-specified training each year.
Egypt Financial Regulatory Authority 2025-05-15
Egypt Financial Regulatory Authority’s Financial Services Institute delivers first training programme for secondary market government debt traders
Egypt's Financial Regulatory Authority (FRA) held its first training program for officials trading government securities and financial instruments in the secondary market, focusing on government debt instruments. The program, with 15 participants, covered debt issuance mechanisms, instrument types, and the roles of primary dealers and central depositories. This initiative follows the FRA's 2024 regulation mandating annual training for trading teams.