Dubai Financial Market wishes to confirm that all parties concerned with investment in local financial markets are required to abide with established trading rules and regulatory frameworks, and that all types of trading must be carried out within those frameworks. The market would also like to point out that what is being circulated that some international financial institutions are conducting short selling transactions, is not in keeping with regulatory rules, which require that shares must be in the seller’s possession before a sale transaction is carried out.
The market wishes to confirm that all institutions that are actively involved in local financial markets are required to conduct their businesses in accordance with established regulations, and would like to make it clear that short selling operations are inconsistent with the spirit of these regulations. The market hereby urges all parties to abide with established regulatory rules and refrain from practices which are not yet codified in local markets.
