MCDR Chairman: E-Signature, T+1 Await EFSA’s Ratification

The Chairman of Misr for Central Clearing, Depository and Registry Mohamed Abdel Salam said the MCDR has finished testing out the E-signature system in preparation for its activation after being ratified by the Egyptian Financial Supervisory Authority (EFSA).

Activating the E-signature system is essential for ratifying the e-signature system which would contribute to introducing more developed systems to the capital market, the MCDR chairman added.

Elsewhere, Abdel Salam noted that the MCDR has completed testing out the T+1 settlement mechanism awaiting the EFSA’s ratification as well in order to start its reactivation in the Egyptian market.