Thursday December 18 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: Bahrain
Link: http://www.bahrainbourse.com/bhb/about_us/news_show.asp?value=1169
Bahrain Bourse (BHB) has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFM) to introduce an electronic system that represents a significant advance in the method of share transfer between the two exchanges, by enabling investors to transfer their shares easily and quickly.
The MoU creates the general framework that defines the guidelines of the transfer process and administers the relationship between both sides as well as explaining their capacities. It has been agreed to introduce the new electronic system during the second half of 2015, enabling swift share transfers to be executed during the official working hours of the exchanges. The system will not require any official correspondence regarding share transfer, validation and endorsement.
Click link above for further details.