Misr for Central Clearing, Depository and Registry (MCDR) was established according to the provisions of the Capital Market law # 95 of 1992 and within the framework of the programs adopted by the Capital Market Authority (CMA) for developing the capital market mechanisms and applying the central depository system. This is done based on the French expertise of Paris stock Exchange and SICOVAM; a world leader in the application of the central depository system.
The Central Depository and Registry Law was issued on the 18th of May, 2000 to regulate MCDR activities, establish the relevant legal framework and add new activities to help MCDR become a self Regulatory Organization. The activities and structure of the MCDR are regulated by a special law that grants MCDR the authorities required to undertake its functions, perform its duties and develop the services it provides to members according to the best international practices.
The main objective of the MCDR is to apply the central depository system, effect central registry of securities traded in the Egyptian capital market and facilitate securities trading on dematerialized shares. MCDR also aims at undertaking clearing and settlement on securities traded in the capital market and applying the Delivery Versus Payment system.