Age for Trading on the Egyptian Exchange Lowered to 15
The new regulation also increases the investment cap for this age group from EGP 10,000 to EGP 40,000.
The Financial Regulatory Authority (FRA) has approved a measure allowing 15-year-olds to trade in listed securities on the Egyptian Exchange (EGX), thus reducing the minimum investment age from 16 to 15, provided the individuals possess a national ID.
This decision is part of the FRA's broader efforts to expand non-banking financial services access and promote financial literacy among Egypt's youth. It aligns with the recent amendment to Civil Status Law No. 143 of 1994, mandating all citizens aged 15 and above to obtain a national ID within six months of reaching that age.
The FRA's new regulation not only lowers the entry age for market participation but also increases the investment cap for this age group from EGP 10,000 to EGP 40,000. The regulation excludes margin trading and securities borrowing, focusing solely on buying and selling listed securities.
The FRA may raise this limit by up to 10 percent annually.
