Regulatory Alerts1999-01-01
Law No. 12 of 1999 Concerning the Establishment of a Settlement Guarantee Fund for Securities Trading
The Financial Regulatory Authority issued Law No. 12 of 1999 to establish a settlement guarantee fund for securities trading. This legislation mandates the creation of a financial mechanism to secure settlements arising from the buying and selling of securities. The law aims to mitigate counterparty risk and ensure the stability of the financial market by guaranteeing transaction settlements.
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