Entitlement Compensation Rules - Dubai (Nasdaq Dubai)
|Market compensation basis:||Record Date|
|Automatic Compensation Managed by Local CSD:||No|
|Restriction on custody events/transaction types:||No restriction|
Nasdaq Dubai currently has no experience of corporate events or entitlement compensation.
The market does not support any automated entitlement compensation rule. Arrangements must be made between the members.
Corporate action entitlements (both for cash and securities) are paid out by the CSD on behalf of the registry. Issuers inform the registry and authorise it as an agent to distribute the corporate action entitlements.
Nasdaq Dubai conducts the above disbursements within 24 hours of receipt of the same from the issuer companies.
|Service offered by CBL:||No service offered|