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المصدر
Financial Authority Tests Central Lending System Before Short Selling
The General Authority for Financial Supervision, in collaboration with the Egypt Securities Exchange and the Egyptian Stock Exchange, has conducted live trials of the central securities lending system in preparation for the launch of the "short selling" mechanism. The system aims to enhance transparency and protect the rights of all parties by documenting all stages of the process, while providing real-time visibility for both lenders and borrowers on available lending offers. The system includes restrictions on lending no more than 40% of the available securities, with continuous monitoring of limits and ratios to ensure compliance. This initiative is part of a new regulation designed to improve market efficiency and ensure comprehensive oversight by the authority.
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