“SCA managed to contain the consequences of the pandemic and to operate at pre-Covid-19 levels,” Dr. Maryam Al Suwaidi

In fulfillment of the aspirations of the wise government to adopt the best international practices and standards and enhance the quality of institutional work, the Securities and Commodities Authority (SCA) was awarded the ISO 22301:2019 certification by Lloyd’s Register Quality Assurance. H.E. Dr. Maryam Butti Al Suwaidi, Acting Chief Executive Officer, received the certificate in the presence of H.E. Mohammed Khalifa Al Hadari, Deputy Chief Executive Officer, and Saeed Al Saboosi, Director of the Financial and Administrative Affairs Department. The certificate was presented by Ayman Ktaily, Business Development Manager for India, the Middle East and North Africa at Lloyd’s.

After receiving the certificate, Dr. Al Suwaidi expressed her pleasure at this achievement, which reflects SCA’s efforts and success in ensuring business continuity despite the conditions brought about by the coronavirus pandemic and its consequences that reached all economic activities. It managed to contain the pandemic by issuing an array of initiatives and employing advanced technologies, thus putting its strategy to keep operating at pre-pandemic levels into action. Dr. Al Suwaidi indicated that SCA has become the first federal entity to obtain the 2019 version of the ISO certificate for business continuity in the field of “drafting regulations governing transactions taking place on the UAE financial markets and the licensing, inspections and supervision of companies operating in the securities and commodities field.”

For his part, Al Hadari argued that winning this certificate adds a notch to SCA’s track record and reflects its keenness to apply sound scientific methodology and to carry out efficient operations in line with the highest quality management standards, which ensured that business operations go on uninterrupted during the pandemic. He explained that this achievement has gone through multiple phases where all procedures and applications were reviewed, adding that “ISO 22301:2019 is an international certificate and, based on its requirements and standards, the conformity assessment undertaken applies to SCA’s Abu Dhabi headquarters and Dubai branch.” He lauded the professionalism, efficiency, and responsiveness of the team that took part in accomplishing this mission.

For his part, Ktaily thanked SCA for its continuous efforts and endeavors to achieve the best it can as part of the long-running partnership with Lloyd’s that started years ago. He congratulated SCA for obtaining the ISO certification for business continuity and explained that it received the certificate in the field of “drafting regulations governing transactions taking place on the UAE financial markets and the licensing, inspections and supervision of companies operating in the securities and commodities field.”

This certificate brings the total number of ISO certificates that SCA obtained so far to 11. It represents a commitment on the part of the awarded entity to quality standards. It is an evidence that there is an efficient quality management system that is focused on achieving one goal, which is to secure the highest levels of customer satisfaction and to be responsive to customer concerns, thus helping to enhance the entity’s reputation in the business market. Generally speaking, the ISO certificate acts as an insurance that the services offered meet all technical and quality requirements in addition to any other requirements at the legislative, legal, or environmental levels in line with customer expectations.