Browsing: SCA

The UAE’s Securities and Commodities Authority (SCA) has introduced the first-ever ‘Finfluencer’ licence in the region, aimed at regulating digital financial content. This initiative is designed to align regulatory practices with the digital transformation of the finance sector, ensuring that online financial advice adheres to established norms and safeguards.

First Abu Dhabi Bank (FAB) has received final approval from the Ministry of Human Resources and Emiratisation (MOHRE) and the Securities and Commodities Authority (SCA) to launch its End of Service Benefits Funds.

Securities and Commodities Authority (SCA) announced that UAE public joint-stock companies distributed AED 61.73B in cash dividends and bonus shares over the last year.

The Securities and Commodities Authority (SCA) announced a significant rise in Assets Under Management (AUM) by firms authorised to manage portfolios and investment funds, totalling approximately AED 35B. This increase is attributed to the SCA’s ongoing initiatives to enhance the UAE’s asset management sector and fortify its regulatory framework in accordance with international standards, aligning with the UAE’s ambition to establish itself as a premier global hub for asset management.

Roberto D’Ambrosio is the CEO of Axiory Global, a leading name in the financial services…

UAE Sustainable Finance Working Group (SFWG) has introduced the ‘Principles for Sustainability-Related Disclosures for Reporting Entities’ as part of a collaborative effort among UAE regulatory bodies to enhance sustainability-related disclosure requirements for financial institutions in line with international standards. This initiative aligns with the declaration of 2024 as the ‘Year of Sustainability’.

Securities and Commodities Authority (SCA) of the UAE actively enforced a regulation (pdf) since last Sunday, prohibiting onshore banks from promoting or marketing foreign funds to retail investors. This regulation allows only funds registered with the SCA to be marketed in the UAE to retail investors.

The Securities and Commodities Authority (SCA) has revealed that the cumulative value of green and sustainability-linked bonds and Sukuk recorded with the authority has reached approximately AED 15.45B in the first 11 months of 2023.

The Securities and Commodities Authority (SCA) reported that the capital markets of the UAE listed…

The Central Bank of the UAE (CBUAE), the Securities and Commodities Authority (SCA), the Dubai…