Securities and Commodities Authority

Financial Markets to Close for Prophet Mohammad’s Birthday on Friday, September 5

Wed, 03 Sep 2025 00:00:00 +0400

Based on Circular No. 8 of 2025 issued by the Federal Authority for Government Human Resources concerning the Prophet Mohammad’s Birthday holiday (1447 AH), and following consultation with the Abu Dhabi Securities Exchange and the Dubai Financial Market, the Securities and Commodities Authority (SCA) announced that the UAE financial markets will be closed on Friday, September 5, 2025.

Trading will resume on Monday, September 8, 2025. The Dubai Gold and Commodities Exchange, however, will continue operating as usual, with no change to trading hours.

On this blessed occasion, the SCA extends its sincere congratulations and best wishes to the UAE’s leadership, citizens, and residents.

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In a decisive move to enhance market integrity and protect investors, the SCA refers a licensed company to the Public Prosecution and imposed a fine of AED 5 million for misleading clients

Fri, 25 Jul 2025 00:00:00 +0400

The Securities and Commodities Authority (SCA) has imposed a record fine of AED 5 million on a licensed company and referred the matter to the Public Prosecution, in a decisive move to safeguard market integrity and enforce regulatory compliance. The action follows confirmed violations of anti-money laundering (AML) laws, counter-terrorism financing regulations, and measures related to the funding of illicit organizations.

An in-depth investigation revealed that the entity in question, in collaboration with an overseas company, engaged in deceptive practices targeting investors within the UAE by falsely suggesting that the foreign company was licensed by the Authority, with the intent of misappropriating client funds. The referral of the case to the competent judicial authorities underscores the Authority’s unwavering commitment to transparency and to upholding the highest standards of regulatory compliance.

By escalating the case to judicial authorities, the SCA reaffirmed its commitment to transparency, deterrence, and regulatory compliance, in line with international best practices.

The SCA reiterated its strategic focus on proactive oversight, risk-based supervision, and strict compliance enforcement, all of which support the UAE’s positioning as a trusted and competitive global financial hub.

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A Global Endorsement of Emirati Regulatory Leadership: Waleed Al Awadhi Elected Chair of IOSCO’s Africa and Middle East Regional Committee

Thu, 17 Jul 2025 00:00:00 +0400

In a milestone that reflects the rising global prominence of Emirati regulatory leadership, the Securities and Commodities Authority (SCA) proudly announces the election of H.E. Waleed Saeed Al Awadhi, CEO, as Chair of the Africa and Middle East Regional Committee (AMERC), one of the four key regional committees under the International Organization of Securities Commissions (IOSCO). This recognition is not just a personal achievement, but a testament to the UAE’s long-standing institutional efforts to position itself as a central player in shaping the future of global financial markets.

Following his election, H.E. Al Awadhi will represent AMERC on the IOSCO Board, which comprises 34 members from the world’s leading securities regulatory authorities. AMERC itself consists of 43 regulatory authorities from across North Africa and the Middle East and plays a pivotal role in enhancing regional regulatory cooperation and advancing forward-looking, resilient frameworks for capital markets. It serves as a platform for financial innovation, the exchange of regulatory best practices, and a collective response to global economic and technological shifts.

Founded in 1983, IOSCO is the global standard-setter for securities market regulation. With more than 200 member institutions, IOSCO oversees over 95% of the world’s financial markets. In this context, the chairmanship of AMERC represents a strategically significant position that underscores the growing influence of Emirati regulatory leadership in the global financial arena.

Commenting on the announcement, H.E. Mohamed Al Shorafa, Chairman of the SCA Board of Directors, stated:“The election of Waleed Al Awadhi as Chair of the Africa and Middle East Regional Committee marks a significant milestone that underscores the UAE’s growing global standing in the financial sector and the increasing international confidence in its role in advancing the regulatory landscape of capital markets. This appointment is a testament to the distinctive expertise of our national talent and their capacity to influence the future of financial governance, foster international cooperation, and embrace innovation as a cornerstone of sustainable growth. It is a source of pride not only for the SCA, but for the country as a whole, as a strategic partner in shaping the future of the global economy.”

The election of H.E. Waleed Al Awadhi to this prominent role signals a new chapter in regional financial integration and further solidifies the UAE’s global reputation for excellence, innovation, and leadership in capital markets. It positions the UAE as a premier hub for finance and investment worldwide.

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SCA Board Reports Record First-Half Milestones and Initiates

Mon, 14 Jul 2025 00:00:00 +0400

The Securities and Commodities Authority (SCA) continues to write new chapters of global leadership and impact through forward-looking strategies and milestone decisions that are redefining the future of regional and international financial markets. The SCA’s Board of Directors convened its third meeting of 2025, chaired by H.E. Mohamed Ali Al Shorafa and attended by Deputy Chairman H.E. Faisal Yousef Sulaitin, CEO H.E. Waleed Saeed Al Awadhi, and Board Members H.E. Dr. Ali Mohammed Al Rumaithi, H.E. Hamad Sayah Al Mazrouei, H.E. Rashed Abdulkarim Al Blooshi, H.E. Arif Mohammed Amiri, and Mr. Rashid Ali Al Neyadi.

During the meeting, the Board approved a series of strategic decisions that reaffirm the SCA’s commitment to accelerating the development of the financial markets sector and aligning its regulatory framework with global best practices. These decisions are intended to enhance the UAE’s market competitiveness and support the country’s broader vision for economic transformation.

Commenting on this milestone, H.E. Mohamed Ali Al Shorafa, Chairman of the SCA, stated: “Our vision is grounded in a firm belief in the UAE’s role as a global hub for future economic transformation, driven by the development of an integrated financial ecosystem built on innovation and regulatory excellence. This approach strengthens the UAE’s role as a key financial player actively shaping the global economic landscape.”

H.E. Waleed Saeed Al Awadhi, CEO of the SCA, reaffirmed the SCA’s commitment to driving a transformative shift in the global economic system, positioning the UAE as a benchmark for regulatory innovation and investor protection. He said:“We are not merely keeping pace with global developments; we are actively reshaping them by setting new standards that unlock unprecedented opportunities for sustainable growth. Through an innovative regulatory framework, we are redefining transparency, accountability, and excellence, establishing the UAE as a global leader in advancing the international economy.”

The Board also reviewed the SCA’s key performance indicators for the first half of 2025, demonstrating the success of forward-looking strategies that elevate the UAE’s influence in global financial markets. The SCA recorded exceptional growth, with a 55% increase in newly issued licenses and a 60% rise in the total number of licensed companies compared to the same period in 2024. Licensed local investment funds increased by 79%, driving a record 230% growth in total assets under management. Meanwhile, registered foreign investment funds grew by 54%, and the value of registered bond and sukuk programs rose by 35% compared to the first half of 2024. These figures highlight the SCA’s capacity to attract global investment and solidify the UAE’s strategic position on the global investment map.

As part of its ongoing commitment to investor protection and market transparency, the Board reviewed progress on unclaimed dividends and dormant account balances held by brokerage firms. By the end of the second quarter of 2025, approximately AED 190 million had been disbursed to rightful beneficiaries.

In a strategic move reflecting strong regulatory integration within the UAE, the Board approved the formation of a coordinating Committee chaired by the SCA, with members from the Financial Services Regulatory Authority (FSRA), Dubai Financial Services Authority (DFSA), Dubai Virtual Assets Regulatory Authority (VARA), and a distinguished group of industry experts, namely Mr. Bryan Stirewalt, Mrs. Sahar Badran, and Mr. Saeed Mansour Al Awar. This committee is tasked with reviewing draft legislation, evaluating existing regulatory frameworks, and proposing amendments to enhance harmonization between regulatory authorities. This initiative strengthens the resilience and agility of the financial ecosystem and positions the UAE as a leading strategic hub in international financial markets.

The meeting also reviewed key outcomes from the landmark launch of the region’s first-ever Finfluencer registration and authorization framework, marking a transformative milestone in the digital economy’s regulatory framework. This groundbreaking initiative is designed to reinforce transparency and safeguard investors, aligning with the rapid evolution of the digital financial sector. Moreover, it creates a dynamic and forward-looking regulatory framework that promotes market integrity, drives innovation, and unlocks new avenues for the UAE’s economic influence on the global stage.

Furthermore, the Board approved a new regulatory framework governing goodwill in public joint-stock companies, recognizing it as an intangible asset that includes brand strength and corporate reputation. The framework aims to promote compliance with international accounting standards and establish clear valuation principles to support boards of directors, audit committees, and external auditors, while enhancing transparency and investor disclosure practices.

These decisions underscore the SCA’s impactful regulatory leadership and its role in advancing the integration of the global financial system through innovative practices that promote transparency and sustainability. They further elevate the UAE’s position as a proactive leader shaping the future of the global economy.

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Hijri New Year Holiday Announced for Financial Markets

Tue, 24 Jun 2025 16:42:33 +0400

Pursuant to Circular No. 05 of 2025 issued by the Federal Authority for Government Human Resources regarding the 1447 Hijri New Year holiday, the Securities and Commodities Authority—in coordination with the Abu Dhabi Securities Exchange and the Dubai Financial Market—has announced that financial markets will close on Friday, June 27. Trading will resume on Monday, June 30.

The Dubai Gold and Commodities Exchange, however, will operate as usual, with no changes to its trading hours.

On this blessed occasion, we pray that Allah bestows lasting peace, stability, and prosperity upon the people of the UAE and all Muslims and Arabs.

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Referral of Board Members of an Unlisted Public Joint Stock Company to the Public Prosecution

Tue, 24 Jun 2025 10:20:43 +0400

In line with its supervisory mandate and ongoing efforts to support the national economy, ensure the integrity of financial transactions, and safeguard the rights of UAE-based investors, the Securities and Commodities Authority (SCA) conducted an inspection of an unlisted public joint stock company. The inspection—followed by a series of investigations—revealed actions attributed to certain members of the company’s board of directors. These actions were found to be in breach of Federal Decree-Law No. 32 of 2021 concerning Commercial Companies. Accordingly, the SCA has referred the violators to the public prosecution for necessary legal action.

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Pioneering Global Regulatory Collaboration: UAE Launches Strategic Initiatives to Govern Financial Content in the Digital Era

Wed, 04 Jun 2025 00:00:00 +0400

As part of its ongoing commitment to enhancing investor protection and regulating financial markets in the digital economy era, the Securities and Commodities Authority (SCA) actively participated in the international campaign “Global Week of Action Against Unlawful Finfluencers.” This initiative brought together leading regulatory authorities from around the world to address the growing risks posed by unauthorized fiinfluencers on social media platforms. The campaign involved a series of coordinated actions, including public awareness initiatives, educational workshops for finfluencers, and the implementation of strict enforcement measures against violators.

This strategic collaboration underscores the UAE’s leadership in developing an advanced regulatory ecosystem that keeps pace with digital transformation, placing investor protection at the heart of its priorities. It reflects a firm commitment to adopting global best practices and fostering a trusted digital investment environment through enhanced collaboration, and cross-border regulatory alignment.

The international campaign was held during the first week of June 2025, with the participation of prominent regulatory bodies, including: the Securities and Commodities Authority of the United Arab Emirates (SCA), the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Commissione Nazionale per le Società e la Borsa in Italy (CONSOB), the British Columbia Securities Commission (BCSC), the Autorité des marchés financiers in Quebec (QAMF), the Ontario Securities Commission (OSC), the Alberta Securities Commission (ASC), and the Securities and Futures Commission in Hong Kong (SFC).

In this context, His Excellency Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority, stated: “Regulating the activities of finfluencers is no longer optional; it is an absolute necessity in light of the rapid transition to the digital economy and the mounting challenges of investor protection. The adoption of a dedicated regulatory framework for finfluencers in the UAE reflects the Authority’s strategic commitment to promoting transparency and fostering a trustworthy, forward-looking financial ecosystem that aligns with the highest international standards. This, in turn, strengthens investor confidence and ensures the protection of their rights.”

This international collaboration is driven by the growing influence of finfluencers on investor decision-making, particularly among younger audiences, and the resulting risks such as the spread of misleading information or the promotion of high-risk or unregulated financial products. Reports from the International Organization of Securities Commissions (IOSCO) highlight a rising number of cases in which finfluencers fail to comply with regulatory standards. This underscores the urgent need to develop joint supervisory tools and enhance financial literacy through coordinated, cross-border oversight.

In line with its strategic vision for regulating digital markets, the UAE has solidified its position as a leading regional pioneer by launching the SCA’s first approved regulatory framework to govern the activities of finfluencers in the region. The SCA calls on all individuals engaging in financial influence activities through digital platforms or media channels to proactively register and comply with the SCA’s approved regulatory requirements, ensuring enhanced transparency and protection of investor rights.The SCA also urges the public to verify the authorization of finfluencers before engaging with them or following their recommendations, and to promptly report any unauthorized financial activities via its official website or through the call center (800722823).

The regulatory authorities participating in the campaign emphasize that investor protection and enhancing transparency in financial markets are strategic priorities that require effective international coordination and sustained cooperation among regulatory bodies worldwide. They also urge all stakeholders to maintain collaborative momentum and deepen the exchange of expertise, in order to effectively navigate the fast-evolving challenges of the digital economy and foster a secure, transparent investment environment that reinforces investor confidence and ensures market stability.

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SCA Drives Digital Transformation by Regulating Financial Content and Strengthening Financial Influencer Compliance to Safeguard Investors

Tue, 03 Jun 2025 00:00:00 +0400

As part of its strategic efforts to regulate digital financial markets and enhance investor protection, the Securities and Commodities Authority (SCA) has called on all financial influencers (Finfluencers) operating across digital platforms and media channels to proactively register and obtain official authorized “Finfluencer” status. This designation requires full compliance with regulatory standards to ensure content transparency and safeguard the rights of market participants.

His Excellency Waleed Saeed Al Awadhi, CEO of the SCA, stated:

“In today’s rapidly evolving digital financial ecosystem, regulating Finfluencers activity has become imperative. Finfluencers play a pivotal role in shaping investor decisions. Official authorization by the SCA underscores their commitment to professional standards and reinforces public trust in the integrity of financial content.”

The SCA offers eligible individuals the opportunity to apply for authorized Finfluencer status, allowing them to share investment analyses and offer recommendations related to approved financial instruments or entities through digital or traditional media, as long as they remain in strict compliance with the SCA’s standards. To further encourage adherence, the SCA is granting a three-year waiver on registration and renewal fees, along with access to legal advisory services.

In parallel, the SCA urges the public to verify a Finfluencer’s authorization status before engaging with their content or acting on their recommendations. The SCA also encourages prompt reporting of any unauthorized activities via its official website or call center, stressing that interactions with unauthorized individuals or entities may pose significant financial risks to investors.

The SCA reiterates that public awareness and active engagement are the first line of defense against unreliable or unregulated financial content. To apply to become an Authorized Finfluencer recognized by the SCA, or to report non-compliant practices, please visit the SCA website or call the toll-free number 800722823.

This initiative underpins the SCA’s broader strategic vision to foster a transparent and trusted investment environment, reinforcing the UAE’s global position as a leading financial hub committed to adopting best-in-class regulatory practices in the digital marketplace.

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The Securities and Commodities Authority (SCA) Launches Region’s First “Finfluencer” License to Regulate Digital Financial Content

Wed, 28 May 2025 00:00:00 +0400

The SCA has officially launched the region’s first “Finfluencer” license - an innovative regulatory milestone aimed at formalizing and supervising digital financial content. This ground-breaking initiative seeks to establish a clear governance framework for individuals offering investment analysis, recommendations, and financial promotions across digital platforms. This initiative is designed to enhance investor protection in the UAE.

Commenting on the initiative, H.E. Waleed Saeed Al Awadhi, CEO of the SCA, stated: “Introducing the Finfluencer license is not merely a regulatory measure; it is a strategic move to redefine the role of regulators in the digital economy. Through this initiative, the SCA aspires to elevate global benchmarks of market integrity, foster transparency, and nurture a disciplined and trustworthy financial environment. The SCA positions itself as enablers of transformative change, adopting forward-thinking regulatory models that evolve with the fast-paced dynamics of the financial and investment landscape.”

This initiative comes as part of a package of incentive measures adopted by the SCA to align its regulatory framework with the fast-moving landscape of digital finance. The SCA has waived registration, renewal and, legal consultation fees related to this service, for a period of three years. This is in line with efforts to eliminate government bureaucracy and promote financial innovation within a robust legal and regulatory framework.

The license is available to individuals who offer financial or investment recommendations related to regulated products or entities within the UAE through digital or traditional media. Eligible applicants must register with the SCA and comply with all applicable regulatory obligations, ensuring the highest standards of investor protection and reinforcing public trust in the local capital markets.

A finfluencer is an individual registered with the SCA to provide financial recommendations related to the purchase, sale, or holding of a financial product or virtual asset, or to offer recommendations related to a financial service or any local resource within the country. This may be done through traditional or modern media channels, such as various written or audio social media platforms, participation in seminars, meetings, or forums, blogging, public appearances by any means, or through statements, opinions, or analyses about the present or future value, price, or expected performance. It also includes individuals who engage the public through content, visuals, advice, recommendations, discussions, information, analyses, opinions, or reports related to financial investments or specific financial products within the country.

This initiative is integral to the SCA’s overarching strategic vision of elevating the UAE’s position as a leading regional and global financial hub. By embracing agile and forward-looking regulatory approaches, the SCA reaffirms its commitment to safeguarding market integrity, advancing financial literacy, and aligning with international best practices in the rapidly evolving digital financial landscape.

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The SCA Celebrates Graduation of the Second Cohort of the Financial Market Pioneers Program, Reinforcing UAE's Vision for Youth Empowerment and Financial Sector Leadership

Fri, 23 May 2025 00:00:00 +0400

The Securities and Commodities Authority (SCA), in collaboration with Sandooq Al Watan and ADGM Academy, proudly celebrated the graduation of the second cohort of the Financial Market Pioneers Program, a flagship national initiative aimed at equipping young Emiratis with the expertise and leadership skills to shape the future of the UAE’s financial markets.

This year, 27 distinguished Emirati youth successfully completed the program, which encompassed ten specialized training modules totalling 84 hours. Achieving a remarkable 100% success rate, the graduates demonstrated exceptional commitment to professional growth, reflecting the program's effectiveness in developing a new generation of qualified national talent poised to elevate the UAE’s standing as a leading regional and global financial hub.

With a cumulative 58 graduates across its first two cohorts, the program continues to play a pivotal role in advancing the UAE’s strategic objectives of youth empowerment, human capital development, and economic diversification.

During the graduation ceremony, H.E. Waleed Saeed Al Awadhi, CEO of the SCA, stated: “Today marks a significant milestone as we celebrate the achievements of a new generation of ambitious Emiratis. Their success underscores the critical importance of investing in human capital as a pillar of sustainable development. The Financial Market Pioneers Program embodies the visionary directives of our wise leadership to empower youth and cultivate future leaders. Our strategic partnership with Sandooq Al Watan and ADGM Academy continues to deliver impactful outcomes, reinforcing the UAE’s position as a premier destination for financial services innovation and excellence.”

H.E. Yasser Al Gargawi, Director General of Sandooq Al Watan, emphasized the program's alignment with national priorities, particularly in fostering sustainable development, stating: “We extend heartfelt congratulations to the graduates of this distinguished cohort. Their accomplishments are a testament to the effectiveness of collaborative initiatives that bridge academic learning with industry demands. At Sandooq Al Watan, we are deeply committed to nurturing Emirati talent through strategic partnerships and innovative programs that support the UAE’s long-term vision of building a competitive, knowledge-based economy.”

H.E. Hamad Sayah Al Mazrouei, Chairman of the ADGM Academy, highlighted the program’s transformative impact, stating: “Developing a highly skilled national workforce is central to the UAE’s comprehensive sustainable development strategy. Through the Financial Market Pioneers Program, we have created an immersive learning experience that integrates academic rigor with real-world applications. The program’s graduates are well-positioned to become influential contributors and role models, driving innovation and excellence within the financial sector.”

The Financial Market Pioneers Program continues to strengthen its position as a leading national platform dedicated to developing and empowering Emirati youth, enhancing the competitiveness of the financial sector and keeping pace with global developments, in line with the UAE’s vision of building a sustainable, knowledge-based national economy.

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SCA Urges Shareholders to Collect Unclaimed Dividends from Joint Stock Companies (Issued before March 2015)

Mon, 14 Apr 2025 00:00:00 +0400

As part of its ongoing efforts to protect the rights of shareholders in companies listed on UAE stock exchanges and ensure they claim any outstanding entitlements dating back to before March 2015, the Securities and Commodities Authority (SCA) is calling on investors to collect their dividends through First Abu Dhabi Bank (FAB), the paying agent appointed to handle the process.

To submit their claims, shareholders can use the “Investment Banking - Unclaimed Dividends” service available on FAB’s website, www.bankfab.com. Once all required documents and information are provided, the bank will review the request and transfer dividends to the shareholder’s account within 10 business days.

Shareholders applying for this service must ensure they provide the following documents: a copy of the Emirates ID card (for UAE nationals and residents); a copy of the passport (for non-UAE nationals); a certificate from the bank specifying the account number and IBAN; and share certificates, general assembly invitations, or other documents evidencing ownership of shares (if any).

The SCA further explained that shareholders may send their complaints and comments to scadividendscomplaints@bankfab.ae. The bank will review and resolve complaints within 10 business days. If a complaint is not settled within this timeframe, shareholders may file the same complaint with the SCA at sca_dc@sca.ae and attach the documents related to the original complaint submitted to FAB.

The SCA reaffirms its commitment to streamlining the dividend collection process in line with shareholder expectations and the wise government’s vision to deliver world-class government services.

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Financial markets will be closed in observance of Eid Al-Fitr

Fri, 28 Mar 2025 00:00:00 +0400

The Securities and Commodities Authority (SCA is pleased to announce that, in line with Circular No. (03) of 2025 issued by the Federal Authority for Government Human Resources regarding the Eid al-Fitr holiday, and following consultations and coordination with financial markets and the Dubai Gold and Commodities Exchange (DGCX), it has been decided that the Eid al-Fitr holiday will commence at both the Abu Dhabi Securities Exchange and Dubai Financial Market from 1 to 3 Shawwal 1446 AH. If the month of Ramadan completes its full 30 days, the 30th day of Ramadan will be observed as a public holiday, in addition to the Eid al-Fitr break.

As a result, trading and regular business hours will resume in the markets on Wednesday, April 2, 2025, if the first day of Eid al-Fitr falls on March 30, 2025, or on Thursday, April 3, 2025, if the first day of Eid Al-Fitr falls on March 31, 2025. Meanwhile, the DGCX and Dubai Commodities Clearing Corporation will remain operational throughout the holiday period, maintaining their standard trading hours.

On this auspicious occasion, we pray to the Almighty that He may bless the leadership, government, and people of the United Arab Emirates, as well as the Arab and Islamic nations, with abundant health and well-being.

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Securities and Commodities Authority Successfully Recovers AED 4.1 Million for Investors through Amicable Settlements in 2024

Mon, 24 Mar 2025 00:00:00 +0400

In line with its pivotal role in enhancing transparency and protecting investor rights, the Securities and Commodities Authority (SCA), through amicable settlements, successfully recovered AED 4.1 million in favor of investors during 2024. This achievement is the result of the SCA's relentless efforts in facilitating amicable settlements and effectively utilizing the service of complaint related to capital market transactions via its official website.

This achievement reflects the SCA's strategic commitment to protecting investor rights and enhancing the transparency and integrity of financial markets in the UAE. In this regard, His Excellency Walid Al Awadhi, Chief Executive of the SCA, stated: "The SCA's success in recovering such substantial amounts, reaffirms our unwavering commitment to protecting investors and strengthening confidence in the financial markets through our effective mechanisms for dispute resolution, ensuring the rights of all parties and participants."

Al Awadhi further added: “The service for submitting complaints related to financial market transactions is a crucial tool in ensuring justice and responding swiftly to investor concerns. This service, along with our efforts made through amicable settlements, forms a significant pillar in our role to protect investors and enhance market stability.

This achievement highlights the efficiency and agility of the SCA’s regulatory framework and its ability to respond to various challenges in the financial markets by taking decisive measures against unethical practices. The SCA remains committed to continuously enhancing its services and mechanisms to ensure a safe and transparent investment environment. It also encourages all investors to utilize its capital market transactions complaint service, where needed, through its website

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The Securities and Commodities Authority holds its first Board meeting in 2025

Tue, 18 Mar 2025 00:00:00 +0400

Securities and Commodities Authority (SCA) convened its inaugural meeting of 2025, presided over by HE. Mohamed Ali Al Shorafa, Chairman of the Board. The meeting saw the participation of esteemed Board members, including HE. Faisal Yousuf Selaitin (Vice Chairman), HE. Waleed Saeed Al Awadhi, HE. Dr. Ali Mohammed Al Rumaithi, HE. Arif Mohammed Amiri, HE. Rashed Abdul Karim Al Blooshi, and HE. Hamad Sayah Al Mazrouei.

During the meeting, the Board articulated an ambitious strategic vision aimed at positioning the UAE as a global leader in financial markets. This vision focuses on the development of innovative regulatory frameworks designed to facilitate digital transformation and attract international investors. By leveraging advancements in fintech, blockchain technology, and digital finance, the SCA is committed to fostering a competitive and dynamic financial ecosystem that accelerates market growth.

“Our vision is to ensure the UAE leads in both financial innovation and regulatory excellence within the financial services sector, cultivating a dynamic and competitive financial ecosystem.” stated HE. Mohamed Ali Al Shorafa.

HE. Waleed Saeed Al Awadhi, CEO of the SCA, highlighted the organization's commitment to positioning the UAE’s financial markets at the forefront of global financial innovation. “By prioritizing the establishment of a robust regulatory framework that emphasizes investor protection and enhances transparency, we aim to unlock new growth opportunities and reinforce the UAE’s status as a pivotal player in the global financial arena.” he affirmed.

The Board's strategic framework is designed to adapt to evolving global trends in financial technology. This includes implementing comprehensive regulatory initiatives that enhance the SCA’s supervisory capacity and operational efficiency. By aligning regulatory practices with international standards, the SCA is poised to strengthen the resilience of the financial sector while ensuring robust investor protections. This proactive approach not only attracts increased global investments but also solidifies the UAE’s position as a leading global investment destination.

The SCA Board’s strategic vision represents a decisive step towards fostering a transformative regulatory landscape that supports sustainable growth in the evolving global financial landscape.

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The Securities and Commodities Authority Announces Trading Session Schedules for Financial Markets During the Holy Month of Ramadan

Mon, 03 Mar 2025 11:36:57 +0400

The Securities and Commodities Authority (SCA) has announced that the trading session schedules in the UAE's financial markets during the holy month of Ramadan will remain unchanged:

Abu Dhabi Securities Exchange: from 9:30 AM to 3:00 PM
Dubai Financial Market: from 10:00 AM to 3:00 PM
Dubai Gold and Commodities Exchange: from 7:00 AM to 11:55 PM

On this blessed occasion, the Securities and Commodities Authority extends its warmest congratulations to all investors and traders.

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The SCA Imposes AED 1.15 Million Fines on Non-Compliant Companies to Enhance Financial Market Integrity

Tue, 25 Feb 2025 00:00:00 +0400

The Securities and Commodities Authority (SCA) has taken stringent measures against several companies for violating regulations and non-compliance with anti-money laundering and counter-terrorism financing (AML/CFT) rules. The SCA announced a series of financial penalties against those companies totalling AED 1.15 million since the beginning of January 2025. This includes fines imposed on companies and investors for breaching regulations amounted to approximately AED 650,000; in addition to AED 500,000 were levied on other companies for failing to comply with AML/CFT provisions and promoting activities outside the scope of their SCA-granted licenses.

These strict actions underscore the SCA's commitment to protecting investor rights and reinforcing the integrity of the UAE's financial markets. Through its regulatory framework, the SCA aims to ensure accountability, transparency, and compliance, fostering a stable, secure, and reliable investment environment that aligns with the highest international standards and best practices.

H.E. Waleed Saeed Al Awadhi, CEO of the SCA, stated: "These actions reaffirm the SCA's commitment to safeguarding the integrity of financial markets in the UAE through a strict regulatory framework that ensures accountability, transparency, and compliance. By taking firm action against illegal conduct, we send a clear message that the SCA will not tolerate non-compliance. These measures are crucial for protecting investors, while maintaining the integrity of financial markets in the country."

Al Awadhi emphasized that the SCA will continue its commitment to enhancing transparency and investor protection, while maintaining its regulatory efforts to ensure the highest standards of integrity in the financial sector. This is part of the SCA's strategy to ensure all companies adhere to the highest standards of compliance and ethical conduct.

The SCA implements a world-class regulatory framework on companies operating in the financial markets in the UAE. It will continue to take strict measures and provide clear regulatory guidance with the aim of enhancing investor protection, ensuring market integrity, and reinforcing the UAE's position as a world-leading financial center.

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SCA Invites Feedback on Transformative Robo-Advisor Regulation

Thu, 23 Jan 2025 00:00:00 +0400

As part of its leading role in regulating and advancing the UAE’s capital markets—and in keeping with its established practice of seeking input from financial industry partners before finalizing new regulations—the Securities and Commodities Authority (SCA) has published a draft regulation for robo-advisor service on its website, www.sca.gov.ae. It invites stakeholders, experts, and relevant parties to provide their input and insights, which will be carefully considered when shaping the final version of the regulation. To access the draft regulation, please click here.

The draft regulation represents a transformative project aligned with the 2024-2025 performance agreements signed with federal government entities. These projects are seen as distinctive initiatives that propel the UAE forward and enhance its competitiveness while delivering a significant cross-sector impact within short periods of time. This project underpins the UAE’s efforts to advance the goal of becoming the new global economic hub over the next ten years, as part of the ‘We The UAE 2031’ vision, which calls for concerted efforts to help achieve government objectives and positively impact the society and various sectors of the economy.

The regulation defines a ‘robo-advisor service’ as a digital, algorithm-driven platform that offers automated investment advice and financial recommendations as part of portfolio management to create, manage, and rebalance investor portfolios based on investor-provided information. It also defines ‘algorithms’ as advanced computing software designed to analyze market trends, evaluate investment decisions, and automatically allocate assets according to specific criteria. The aim is to continuously adjust portfolios in response to market fluctuations, investment objectives, and risk appetite.

Under the draft regulation, several provisions will be incorporated into Article 9 of Chapter 5 in Part 3: Doing Business (Portfolio Management). They will detail the requirements that must be met by companies operating automated robo-advisor platforms to ensure the delivery of high-quality services and the adequate protection of investors.

The SCA has invited all stakeholders in the UAE’s capital markets, including market participants, investors, brokers, financial analysts, scholars, media personnel, and others to review the draft regulation and send their feedback by February 14, 2025, to robo-advisory@sca.ae.

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SCA Invites Feedback on Draft Regulations for Security Tokens and Commodity Tokens

Wed, 22 Jan 2025 00:00:00 +0400

As part of its leading role in regulating and advancing the UAE’s capital markets—and in keeping with its established practice of seeking input from financial industry partners before finalizing new regulations—the Securities and Commodities Authority (SCA) has published a draft regulation on security tokens and commodity tokens on its website, www.sca.gov.ae. It invites stakeholders, experts, and relevant parties to provide their input and insights, which will be carefully considered when shaping the final version of the regulation. To access the draft regulation, click here.

This draft regulation is the first of its kind in the UAE’s capital markets, marking a significant milestone in the issuance and trading of security tokens and commodity tokens. By integrating traditional elements of securities and commodities and modern financial technologies, these tokens provide investors with more efficient and resilient investment tools.

The regulation comprises 18 articles that outline the scope of application, define security tokens and commodity tokens, and discuss the implications of issuing such tokens. It further addresses the applicable technical standards and includes rules governing trading, settlement, pledging, and cancellation. It also covers the obligations associated with issuing security tokens and commodity tokens, along with other key topics.

The SCA has invited all stakeholders in the UAE’s capital markets, including investors, brokers, financial analysts, scholars, media personnel, and others to review the draft regulation and send their feedback by February 14, 2025, to registration@sca.ae.

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Significant Increase in Women’s Representation on Boards of UAE Public Joint-Stock Companies: A 200% Growth in Just Three Years

Thu, 16 Jan 2025 00:00:00 +0400

In a landmark achievement that demonstrates the firm commitment of the Securities and Commodities Authority (SCA) to promoting the role of women in the securities sector in the UAE, there has been a record increase of 200 percent in women’s representation on the boards of listed public joint-stock companies in the past three years. In 2024, women held 141 seats in boardrooms compared to only 47 seats in 2021.

The amendment introduced by the SCA Board of Directors in 2021 to Decision No. (3/Chairman) of 2020, which approved the Public Joint-Stock Company Governance Guide, had a major role in achieving this remarkable milestone. The decision requires listed public joint-stock companies to have at least one female member on their boards—a step that underscores the SCA’s commitment to advancing gender equality and promoting the role of women in leadership and decision-making positions within the corporate sector, thereby contributing to this impressive achievement.

Commenting on this achievement, H.E. Dr. Maryam Buti Al Suwaidi, CEO of the SCA, stressed that such a significant increase in women’s representation on the boards of public joint-stock companies highlights the UAE’s instrumental role in empowering women as key contributors to the sustainable economic development. She said that such an increase demonstrates the SCA’s dedication to adopting global best practices in corporate governance in alignment with its ambitious vision to create an inclusive and sustainable national economy centered on diverse leadership and a greater presence of women in decision-making positions, supported by the introduction of effective and robust regulatory and legislative measures.

Al Suwaidi said that the Public Joint-Stock Company Governance Guide, applicable across the UAE, is a significant advancement in enhancing women’s representation on corporate boards. It has been instrumental in encouraging companies to introduce selection mechanisms that enable competent women to actively contribute to corporate success and stability. She indicated that this move has contributed to achieving gender equality, which is necessary for improving the efficiency of corporate boards and fostering a harmonious collaboration among board members. This will enhance strategic decision-making and ensure the optimal utilization of all available talent and expertise. Al Suwaidi has called on companies to continue their efforts to open up more opportunities for women to assume leading positions that support government objectives and drive overall economic development, thereby promoting the UAE’s global standing and competitiveness.

For her part, Aurora 50 Co-Founder Sheikha Shamma bint Sultan bin Khalifa Al Nahyan said: “I am deeply honoured to witness this remarkable milestone—a threefold increase in women’s representation on the boards of public joint-stock companies in the UAE over the past three years. This achievement is a testament to the UAE’s unwavering commitment to advancing gender balance and promoting women’s leadership in key sectors.”

“The collaboration between Aurora50 and the Securities and Commodities Authority has been central in making this shift. Driven by our shared vision, we have worked tirelessly to create opportunities, develop leadership capacities, and provide a clear pathway for women to assume their rightful places on corporate boards. The memorandum of understanding, signed in 2020, established a solid foundation for this success. This emphasizes that national partnerships are powerful tools in pursuing development goals,” she said.

“This is just the beginning. As we celebrate this milestone achievement, we reiterate our commitment to enhancing diversity on corporate boards, promoting corporate governance, and reinforcing the UAE’s position as a leader in gender equality,” she concluded.

In March 2021, the SCA had amended Clause 3 of Article 9 of Board Chairman’s Decision No. (3/Chairman) of 2020, requiring listed companies to have one female member on their boards.

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Financial Markets and Stock Exchange Holiday for New Year's Day on Wednesday, January 1

Thu, 26 Dec 2024 00:00:00 +0400

The Securities and Commodities Authority (SCA) announces that based on the circular issued by the Federal Authority for Government Human Resources regarding the New Year's holiday 2025, and after coordination with the Abu Dhabi Securities Exchange, Dubai Financial Market, and Dubai Gold and Commodities Exchange, it has been decided that the holiday for this occasion will be on Wednesday, January 1, 2025. Official work will resume on Thursday, January 2, 2025.

On this occasion, the SCA extends its sincere congratulations to the leadership, government, and people of the United Arab Emirates, as well as residents, hoping that the new year brings more progress and prosperity.

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