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Financial Authority sets securities borrowing rules
The General Authority for Securities Regulation has issued a decision to regulate securities lending operations for the purpose of sale, with the aim of controlling and standardizing these activities. The decision stipulates that securities available for lending must meet criteria established by the stock exchange and approved by the Authority. It outlines procedures covering the conditions for both the borrower and the lender, as well as the central lending system that manages the sale operations and the return of securities. This includes specifying the lending duration and the dates for returning the borrowed securities. The goal of the decision is to organize the securities market and reduce the risks associated with lending and margin sale operations.
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