Cyprus Stock Exchange starts OTC trades

The Cyprus Stock Exchange (CSE) announced that within the framework of the effort to promote new development programs and to enforce modern practices of the European Union, the official enforcement of the Over The Counter transactions officially started on July 20, 2010.
The OTC transactions are carried out outside the market with settlement orders in the Central CSE Depository / Register. At the current stage, the CSE trustees have the right to carry out OTC transactions and are able to register the settlement orders in the Dematerialized Titles System.
It is noted that the relevant amendments in the Regulatory Decisions of the CSE Council and the details are available at the CSE website (www.cse.com.cy ).