H.E. Essa Kazim, Chairman of the DFM commented: In line with DFM’s Sustainability Strategy 2025, we are delighted to launch the first index of its kind from a financial market in the UAE and the region in cooperation with S&P Dow Jones Indices and Hawkamah, as part of our joint efforts to further develop the…
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The Securities and Commodities Authority (SCA) just announced that it has launched a program to assess and classify financial services companies and announced that registration is open for those interested to take part in the program. Registration applications will be accepted from mid-February to the first of March. H.E. Dr. Obaid Al Zaabi said: Launching…
Read moreMiddle Eastern regional securities market Dubai Financial Market (DFM), which is governed and regulated by the UAE Securities and Commodities Authority (SCA), has announced that “Union Brokerage Company” has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 33 companies. Margin Trading permits brokerage companies to fund…
Read moreMiddle Eastern regional securities market Dubai Financial Market (DFM) which is governed and regulated by the UAE Securities and Commodities Authority (SCA) this week announced that “International Financial Brokerage” has been accredited to provide margin trading services, lifting the total number of DFM brokerage firms providing this service to 32 companies. The total value of margin…
Read moreThe Securities and Commodities Authority (SCA), the regulator responsible for the oversight of securities brokerages in the United Arab Emirates, has issued a circular concerning the internal audit reporting for securities brokerage companies. The circular introduces new, tighter requirements for internal reports at such companies. Under the new rules, which come into force in the…
Read moreThe aim of the mechanism is to protect customer funds from misuse or loss, as well as to lower the administrative and financial burden for brokers.
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