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ARTICLE · 17 JANUARY 2017

Changes To Cyprus Stock Exchange Settlement Rules

Elias Neocleous & Co LLC
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The Council of the CSE has issued a revised Regulatory Decision under articles 22(2) and 32 of the Stock Exchange Law of 1996 to 2015 regarding settlement of transactions in securities of issuers...

CyprusWealth Management

The Council of the Cyprus Stock Exchange ("CSE") has issued a revised Regulatory Decision under articles 22(2) and 32 of the Stock Exchange Law of 1996 to 2015 regarding settlement of transactions in securities of issuers whose register is not maintained by the Central Depository Registry.  The new Regulatory Decision was published in the official government gazette on 5 January 2017 and replaces the previous Regulatory Decision published on 18 September 2015. It completes the transition to settlement of trades within two working days, known as T+2 in accordance with the Central Securities Depository Regulation, which aims to harmonise securities settlement cycles in the European Union.

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