Omega Ukama 
14
THE Victoria Falls Stock Exchange (VFEX) has outlined guidelines for the listing of depositary receipts (DRs) as it intensifies efforts to encourage participation.
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DRs are instruments issued locally that grant rights in respect of securities issued in other jurisdictions.
In a recent circular to prospective issuers, the exchange said through DRs, investors can diversify their investment portfolio by gaining exposure to international securities, in addition to locally issued securities.
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