United Arab Emirates halts stock markets for two days
- • Broker-dealer trading desks at Abu Dhabi Securities Exchange and Dubai Financial Market member firms must suspend transmission of client orders to those exchanges and notify clients of execution delays; transmitting orders while markets are closed will result in rejections.
- • Custodial banks and clearinghouses that settle trades on the Abu Dhabi Securities Exchange and the Dubai Financial Market must pause settlement processing and reconcile unsettled instructions to prevent failed settlements when trading resumes.
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