Clearing and Settlement Regulation

The Clearing and Settlement Regulation was issued by the Financial Services Authority under Decision No. 75/2022 to regulate the mechanism of trade settlements in the Omani financial market.

The regulation comprises six chapters with 66 articles covering all aspects of clearing and settlement, starting from:

General provisions.

Securities settlement.

Financial settlements.

Settlement Guarantee Fund.

Penalties and sanctions.

The regulation aims to ensure smooth and efficient clearing and settlement of trades executed on the MSX, providing a stable and reliable trading environment for all market participants.

For more information( Regulation governing clearing and settlement)

(Trade Modification Form)

(Short Sell Covered Form)

(Late Confirmation Form for Rejected Trades)

(Form of Processing Rejected Trades by Custodians)

Settlement Management Fund

The Settlement Management Fund aims to cover shortages arising from settlement members to ensure timely completion of trade settlements within the fund’s capacity. The fund is responsible for meeting obligations resulting from securities transactions cleared and settled through MCD, as follows:

1. To cover cash shortages resulting from a buyer member’s failure to make payment.
2. To cover securities shortages resulting from a seller member’s failure to deliver by providing substitute securities or cash compensation when securities cannot be supplied.