{"id":598349,"date":"2019-05-22T03:49:16","date_gmt":"2019-05-22T03:49:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/"},"modified":"2019-05-22T03:49:16","modified_gmt":"2019-05-22T03:49:16","slug":"egypts-misr-clearing-to-provide-short-selling-platform","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/","title":{"rendered":"Egypt\u2019s Misr Clearing to provide short selling platform"},"content":{"rendered":"

REGULATION WATCH-<\/b> Regulator to give Misr Clearing key role in short selling:<\/b> Misr for Central Clearing, Depository & Registry (MCDR) will provide a platform for traders and brokerage firms to use for short selling under changes to recently-issued short selling regulations<\/a>, Egyptian Capital Markets Associations (ECMA) Chairman Mohamed Maher said<\/a>. The service will allow brokers and traders to quickly locate shares open for short positions. Officials from the Financial Regulatory Authority are set to meet with MCDR executives soon to discuss the platform, sources familiar with the matter told the press.<\/p>\n

The changes will also provide contract templates for brokerages to use <\/b>when entering into agreements with short sellers. The contracts will only involve the brokerage firm and the short seller, leaving out the lender to simplify the process.<\/p>\n

Background:<\/b> The FRA issued earlier this year regulations for short selling on the EGX, allowing brokerage firms to act as market makers by finding lenders and borrowers of stocks. Investors will only be able to short 20% of a company\u2019s freefloat shares under the regulations, and any one shareholder won\u2019t be able to lend more than 5% of a company\u2019s shares. The EGX published the criteria for selecting securities<\/a> eligible for short selling shortly after the regulations were issued.<\/p>\n","protected":false},"excerpt":{"rendered":"

REGULATION WATCH- Regulator to give Misr Clearing key role in short selling: Misr for Central Clearing, Depository & Registry (MCDR) will provide a platform for traders and brokerage firms to use for short selling under changes to recently-issued short selling regulations, Egyptian Capital Markets Associations (ECMA) Chairman Mohamed Maher said. The service will allow brokers […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,125,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598349","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-investment-watch","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6da5e2d8-75c6-4b6e-80fb-080d15cbcbb4","is_powered_by":true,"section_story_id":"34faae90-6862-45e1-a64f-33678239503d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598335],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Misr Clearing to provide short selling platform - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Misr Clearing to provide short selling platform\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- Regulator to give Misr Clearing key role in short selling: Misr for Central Clearing, Depository & Registry (MCDR) will provide a platform for traders and brokerage firms to use for short selling under changes to recently-issued short selling regulations, Egyptian Capital Markets Associations (ECMA) Chairman Mohamed Maher said. The service will allow brokers […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-22T03:49:16+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s Misr Clearing to provide short selling platform\",\"datePublished\":\"2019-05-22T03:49:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/\"},\"wordCount\":217,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-misr-clearing-to-provide-short-selling-platform\/\",\"name\":\"Egypt\u2019s Misr Clearing to provide short selling platform - 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The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593184,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/20\/brokerages-arent-happy-with-how-much-egypts-short-selling-electronic-system-is-going-to-cost-them\/","url_meta":{"origin":598349,"position":4},"title":"Brokerages aren\u2019t happy with how much Egypt\u2019s short selling electronic system is going to cost them","author":"enterpriseam admin","date":"20 November 2019","format":false,"excerpt":"REGULATION WATCH- Brokerages aren\u2019t happy with how much the short selling electronic system is going to cost them: Brokerage firms have voiced concerns to the Financial Regulatory Authority (FRA) that they will be unable to afford the cost of the electronic system needed to short sell on the EGX, sources\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596636,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/short-selling-expected-to-be-activated-in-3q2019\/","url_meta":{"origin":598349,"position":5},"title":"Short selling expected to be activated in 3Q2019","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"REGULATION WATCH- Expect short selling to begin in 3Q2019: Traders should begin short selling in 3Q2019, when the new system is implemented, Financial Regulatory Authority (FRA) deputy head Khaled El Nashar told Reuters on Tuesday. \u201cThe only thing still to be finalised is the implementation mechanism, and this is under\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=598349"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598349\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598335"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598349"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598349"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}