Tuesday 8 November 2011

gulfnews : Dubai, Abu Dhabi bourses to soon allow short-selling

Draft regulations that could allow short-selling on the Dubai and Abu Dhabi bourses have been published on the website of the UAE's market regulator.

The Securities and Commodities Authority (SCA) posted the regulations on Thursday, and invited suggestions on the law before November 17.

The draft regulations cover short-selling through authorised brokers, security lending and borrowing and other market regulations. They will look to allow investors to short-sell, but the SCA can ban short-selling under special circumstances, according to the draft.
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