Investor Protection Fund to reduce fees paid by investors 50 %

An agreement has been reached with the Investor Protection Fund (IPF) to reduce by 50 percent fees paid by agents, the chairman of the Financial Regulatory Authority (FRA) said.

Addressing the opening ceremony of a workshop on approaches to regulate money markets Sunday, Mohamed Omran reviewed a study outlined with the aim to expand IPF coverage to include more investors.

The workshop is meant to also improve transparency and counter-corruption levels, better manage risks, and stabilize the financial system, Omran said.

He urged all media representatives to attend the workshop and cover the event.