Monday September 8 2014
News Source: Global Exchanges
Focus: Short Selling
Type: General
Country: Hungary
The Central Depository House (KELER Ltd.) has published its revised General Business Rules that incorporate changes to the upcoming shortened settlement cycle for the Equities Section of the Budapest Stock Exchange.
The migration from the current T+ 3 settlement cycle applicable in the Equities Section of the Budapest Stock Exchange and BETa Market to T+2 will take place on 6th October 2014.
The revised General Business Rules of KELER Ltd. are still subject to approval of the supervisory authority, the Central Bank of Hungary. They will become official once the approval is obtained.
Click link above for further details.