Egypt punts e-signatures in securities trading

Egypt’s Information Technology Industry Development Agency (ITIDA), and the Egyptian Financial Supervisory Authority (EFSA), will work together to promote the use of e-signatures in securities and brokerage firms.

The organisations will collaborate to train stakeholders and support and encourage the use of e-signatures in stock exchange market services.

A joint pilot project will also be launched to implement an electronic system for exchanging and saving documents at EFSA.

Egypt’s Minister of Communications and Information Technology, Hany Mahmoud, noted that the agreement was an important step towards activating the e-commerce movement.

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