THE REGULATION FOR ISSUING AND OFFERING CRYPTO ASSETS
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THE REGULATION FOR ISSUING AND OFFERING CRYPTO ASSETS
:Subject
The Securities and Commodities Authority (SCA) will post draft regulations concerning crypto assets on its website. The draft regulations encompass all aspects of the crypto assets industry in the UAE, ranging from token issuance requirements to trading and safekeeping practices with emphasis on protecting investor interests and complying with financial crime prevention measures, crypto-asset safekeeping standards, information security controls, technology governance norms, and conduct of business requirements for all market intermediaries.
:Objective
In line with its efforts to seek feedback from its partners in the financial industry prior to the introduction of new regulations and to regulate and develop the financial markets operating in the country, SCA urges all relevant parties to provide their feedback and input on the draft no later than October 29. It will take such input into consideration when working on the final wording of the regulations.
Participate
Share your Feedback on the Draft by sending your comments
Click here to view the file
Outcome
Draft on Investors Rights in Capital Market
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Draft on Investors Rights in Capital Market
Subject
SCA has the pleasure to announce that it posted a draft document on investor rights on its website, aiming to open dialogue between financial market institutions and to solicit feedback from different market players on the points contained in the draft.
Click here to download the draft.
Objectives
SCA will look closely at the comments and feedback it receives on the draft and will use them to produce the finalized document, which will serve as a permanent guide for dealing with investors. This document aims to maintain investor rights, enhance investor awareness, and introduce investors to the applicable rules and regulations.
Participate
Please send your feedback or comments to communication_dept@sca.ae
Outcome
Draft-Cabinet Resolution No. ( ) 2018 Concerning the Issuance of Preferred Shares by Public Joint-St
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Draft-Cabinet Resolution No. ( ) 2018 Concerning the Issuance of Preferred Shares by Public Joint-St
Subject
Soliciting feedback and comments from the public on Cabinet Resolution No. () of 2018 concerning the Issuance of Preferred Shares by Public Joint-Stock Companies and the Governing Rules and Procedures.
View the draft resolution here
Objectives
This consultation aims to engage public joint-stock companies, partners, and interested parties in the decision-making process.
Outcome
Consultation About Actions Concerning Listed Public Joint-Stock Companies
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Consultation About Actions Concerning Listed Public Joint-Stock Companies
Subject:
Soliciting feedback and comments from the public on the actions taken against listed public joint-stock companies whose accumulated losses amount to 30% or more of their share capital
Soliciting feedback and comments from the public, partners, and concerned parties on the actions that the Securities and Commodities Authority takes against listed public joint-stock companies whose accumulated losses amount to 30% or more of their share capital
Outcome
SCA's Draft Law
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SCA's Draft Law
Subject
The Securities and Commodities authority is submitting a proposal to amend its law
Click here to download the Draft
Objective
Getting industry feedback regarding The Securities and Commodities Authority law
Participate
Share your Feedback on the Draft by sending us an email on legal_affairs@sca.ae or through our portal
Outcome
Proposed Provisions for Islamic Investment Fund
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Proposed Provisions for Islamic Investment Fund
Subject
Proposed Provisions for Islamic Investment Fund
Click here to view the Draft Document
Objective
Getting industry feedback
Participate
Share your Feedback on the Draft by sending us an email on technicaloffice@sca.ae
Outcome
Proposed Draft Provisions In relation to Islamic Investment Fund
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Proposed Draft Provisions In relation to Islamic Investment Fund
Subject
Proposed Draft Provisions In relation to Islamic Investment Fund
Outcome
The Securities & Commodities Authority Master Plan for Sustainable Capital Markets
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The Securities & Commodities Authority Master Plan for Sustainable Capital Markets
Subject
The Securities & Commodities Authority Master Plan for Sustainable Capital Markets
Click here to download the Master Plan
Objective
Getting industry feedback
Share
Share your Feedback on the Draft by sending us an email on Othman@sca.ae
Outcome
Draft proposed amendments to allow Free Zone Companies to offer their shares in the UAE.
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Draft proposed amendments to allow Free Zone Companies to offer their shares in the UAE.
Subject:
SCA has the pleasure to publish on its website the proposed amendments to the Chairman of the Board of Directors’ Resolution No. (11/R.M) of 2016 concerning the Regulation for Issuing and Offering Shares of Public Joint Stock Companies. The aim of this is to open dialogue between the different parties in the market in relation to the requirements and conditions of offering of the Free Zone Companies’ shares in the UAE
Objectives:
SCA aims to know the comments and feedback of the different parties in the market in relation to allow the Free Zone Companies to offer their shares in the UAE, and the suitability of the such requirements and conditions stipulated by SCA
Participate:
Please send your feedback and comments to (alwahedi@sca.ae).
Outcome