On 4 October 2024, UAE DC issued Securities Lending and Borrowing Rules version 2.4.
UAE DC also issued 2024 Procedures for Securities Vending and Borrowing v 6.5.
The changes, effective on 4 October 2024, are described in the circular DClear/2024/11.
Amended Rule 4.5: an account (for regulated short selling and/or securities lending and borrowing) is opened in accordance with the market procedures for the short selling mechanism and the central clearing procedures for securities lending and borrowing.
Amended Procedure 6.4.1: the use of a designated SLB Account (or RSS/SLB Account) for holding borrowed securities is optional.
