Regulators

UAE Securities and Commodities Authority (SCA)

UAE Securities and Commodities Authority SCA was established on February 29, 2000.

Organization Profile

1. Institutional nature
SCA enjoys a legal entity with complete independence of financial and administrative powers. SCA is prohibited from engaging in trading activities or benefiting from projects, and is prohibited from holding or issuing securities.
Since its establishment, the SCA has focused on the realization of the objectives listed in Article 4 of the Federal Law 2000, that is, to rebuild the legislative structure through the issuance of relevant laws and regulations to safeguard the development of the organization and regulatory bodies for listed joint ventures and securities companies. In addition, the SCA has strengthened investors' trust in the authorities by introducing some control measures and standards.
2. Institutional History
SCA was established under Federal Act No. 4 of 2000 by President Khalifa bin Zayed Al Nahyan. Headquartered in Abu Dhabi, with a branch in Dubai, it can open branches wherever it deems necessary to assist with its market surveillance responsibilities.
The Authority is an autonomous legal entity that enjoys financial and administrative independence and has the ultimate powers required to carry out its tasks in accordance with Law No. (4) of 2000.
3. Regulatory functions
1) Committed to creating a stable investment environment to attract more investment into the capital market.
2) Protect the rights of investors and other participants in the capital market.
3) Regulate and review the supervision of securities companies in the market, and decide under what circumstances securities should be issued.
4. Value orientation
1) Fairness and integrity: safeguard the rights of all participants in the securities and commodity markets and enhance the robustness and accuracy of transactions.
2) Friendship and cooperation: Form high-level alliances, establish meaningful strategic partnerships, and achieve mutual benefit and win-win results.
3) Transparency: Provide sufficient information and data for all capital market participants in real time.
4) Innovation: Adopting standards of innovation and excellence in the design and execution of missions.

Regulatory Inquiries

The first step: Go to the official website https://www.sca.gov.ae/, select the language English, select Open Date (public data), select the category, including FinancialServices (financial services), brokers (brokers), etc. .

Step 2: Under the major categories, there are small categories. Take Financial Services as an example, including the following categories:

Step 3: Select the corresponding category to see the company's situation.

For other details, please refer to:
Investment Management Company Enquiry List: https://www.sca.gov.ae/en/open-data/financial-services/investment-management.aspx
Financial Consultancy Firm Enquiry List: https://www.sca.gov.ae/en/open-data/financial-services/financial-consultancy.aspx
Electronic Trading Brokers Enquiry List: https://www.sca.gov.ae/en/open-data/brokers/e-trade-brokers.aspx
Market maker supervision inquiry: https://www.sca.gov.ae/en/open-data/financial-services/market-maker.aspx
For inquiries about companies prohibited from trading: Send an email to the Issuance and disclosure department to: [email protected]

Regulatory complaints

Securities dispute arbitration channel:
1. Online appeal: https://eservices2.sca.ae/Account/Login.aspx?src=1000
2. Mail appeal: contact Securities Dispute Resolution Section at [email protected]

Example of punishment

SCA issues warning to Asian Gold&Commodities Exchange (www.agcx.com) for fake website and not authorized by SCA, published at https://www.sca.gov.ae/English/Opendata/Pages/ warnings.aspx.

FAQs

How can an investor file a complaint with the company?
For more information on filing complaints, please contact Securities Dispute Resolution at [email protected]
How do suppliers register with SCA?
For information on supplier registration with the SCA, please contact the Purchasing and Contracts Section at the Contract and Services Department

Related Links

UAE Central Bank: https://www.centralbank.ae/en/

Contact information

Customer Service Center: 800722823
Headquarters address: Hamdan Street-AL Gaith Tower-13th Floor
Tel: 6277888 (2971)
Fax: 62744600 (2971)
Email: [email protected]
Contact information of SCA departments: http://www.sca.gov.ae/English/About/Pages/ImportantContacts.aspx

Relevant Navigation

No comments

No comments...