Council Publishes Guide for FTZ Bourse Investors
EghtesadOnline: The High Council of Securities and Exchange, the main capital market policymaker, okayed the agreement in principle in August to set up an international equities exchange.
The secretariat of the High Council for Free Trade and Special Economic Zones said a key condition to operate in the international bourse of FTZs is to have at least €30 million capital.
The other condition is to show forex revenues from foreign sources, the news agency IBENA reported.
Guidelines apply to all stakeholders, including investment banks, brokerages, banks, insurance companies, holdings, production, industrial and trade firms plus the FTZ organizations.
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