On 5 June 2024, UAE DC issued securities lending and borrowing rules version 2.3.
- Added securities may be lent by professional investor whenever he is a foreign entity licensed by equivalent regulatory authority or foreign banking supervisory authority.
- When lending to its professional investor clients and from its own account, provided this is under international securities borrowing and lending agreement such GMSLA.
- A borrower may not transfer borrowed securities, arrange mortgage or lien, dispose of such as securities except via short selling with the exception of a brokerage company.
- Also with exception if a professional investor in accordance with the rule version 2.3.