The Dubai Financial Market (DFM) last week issued new Securities Lending and Borrowing (SLB) rules, as part of its efforts to “enhance market infrastructure,” making the market more flexible ahead of an anticipated influx of foreign funds. Implementation of the SLB rules is targeted to begin by March.
The Securities and Commodities Authority (SCA), the UAE market regulator, first approved the rules in October 2012, but the exchanges delayed introduction, partly because of concern of causing market instability. (CONTINUED - 342 WORDS)
