馃嚥馃嚭MauritiusEast Africa
Mauritius Stock Exchange to extend trading hours and reduce settlement cycle from April
via Le Mauricien5 min read
The Stock Exchange of Mauritius SEM and the Central Depository & Settlement CDS are set to implement an extension of trading hours and a reduction of the settlement cycle to T+2, starting in April. This move aims to align with international market practices and enhance market liquidity. The continuous trading session at SEM will be prolonged by one hour, running from 9:30 AM GMT+4 to 3:00 PM, compared to the current 10:00 AM to 2:30 PM, pending regulatory approval. The long-term goal is to further extend this session to 3:30 PM. This extension will provide investors in different time zones with prolonged real-time access to the Mauritian stock exchange platform, improving trading opportunities. The CDS emphasizes that counterparty risk remains well-managed through mechanisms like settlement limits, the Guarantee Fund, and capital adequacy requirements, with no settlement defaults recorded since operations began. To further support liquidity, the CDS has already introduced Turnaround Trading, allowing investors to resell shares bought earlier on the same day. The reduction of the settlement cycle from T+3 to T+2 is a necessary evolution as investors increasingly favor faster settlement. This transition will tighten existing processes while maintaining sufficient margins for transaction affirmation, financing, and settlement. Under the T+2 system, custodians must confirm client transactions by 2:00 PM GMT+4 on day T+1, requiring close coordination among investors, investment in
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This summary was AI-generated from a story originally published by Le Mauricien.
Must ReadLALIT is calling on the Mauritian government, specifically Prime Minister Ramgoolam and Attorney General Glover, to be wary of being deceived by the United Kingdom regarding the Chagos Archipelago. The UK's military occupation of Chagos and Diego Garcia has been declared unlawful, and LALIT argues that Mauritius should not continue bilateral negotiations with an occupying power. LALIT suggests that the Mauritian government's current approach, which involves merely requesting a roadmap for the UK's ratification of the Chagos Archipelago Agreement, is insufficient. They highlight a veiled threat from Mauritius that its stance could be reviewed by September 2026, possibly referring to the UN General Assembly meeting, but LALIT believes this is too late given the UK's scheduling of a meeting after this date. LALIT urges the government to act before the August 9 deadline for submitting items to the UN General Assembly. LALIT proposes several actions: suspending Mauritius's signature to the bilateral agreement due to the UK's non-signature, lack of parliamentary vote, and the ineffectiveness of bilateral agreements in achieving decolonization; preparing a supplementary International Court of Justice case for guidance; preparing cases in international courts for reparations for 57 years of illegal occupation and for the forcibly removed Chagossians; organizing a formal government and opposition visit to the Chagos islands with Chagossian representatives and journalists; amending the
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