Thursday June 4 2015
News Source: Global Exchanges
Focus: Other
Type: General
Country: Egypt
Link: http://www.efsa.gov.eg/content/efsa_en/efsa_news_en/efsa_321_en.htm
The Egyptian Financial Supervisory Authority (EFSA) has approved the T+1 Trading Mechanism. The EFSA published the proposal on its website after discussions with Capital Market’s Advisory Committee. The T+1 Trading Mechanism is optional and the settlement will continue as it is currently applied, two days after purchasing order (T+2).
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