Wednesday July 22 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Greece
Link: http://www.hcmc.gr/vdrv/elib/a9d328078-5c98-4cee-a641-97f5c3a2156f-92668751-0
The Hellenic Capital Market Commission (HCMC), in reply to questions submitted by supervised entities regarding the prohibition in par. 10 c) of the first article of the Legislative Act of the 18th July 2015 (Urgent restrictions on the transfer of capital and on cash withdrawals and amendments to laws number 4063/2012, 4172/2013, 4331/2015 και 4334/20150 (Official Gazette of the Greek Republic, number 84/18.7.2015, has clarified that:
- The cash settlement of transactions on securities traded on the Greek markets, effected by the Hellenic Central Securities Depository, will continue to be suspended. In addition, transfer of custody from a local to a foreign custodian in respect of securities traded on ATHEX, MTF EN.A., HDAT as well as on regulated markets and MTFs outside Greece, will not be allowed.
Click here for the first article of the Legislative Act
Click on the above link for further details.