In its efforts to enhance the performance of financial services industry professionals
SCA honors 40 brokers and financial analysts who passed the Qualifications-Led Licensing Examinations
Dr. Obaid Al Zaabi:
The first 10 brokers who completed the requirements of the CPD program in 2016 are honored.
We are currently working on issuing regulations dealing with mergers and acquisitions, financial technology, crowdfunding, credit rating agencies, and SPVs.
The Securities and Commodities Authority (SCA) celebrated the graduation of 40 brokers and financial services industry professionals who successfully passed the Qualifications-Led Licensing Examinations, specifically tailored for those working in UAE-based financial markets. This was done in cooperation with the Chartered Institute for Securities and Investment (CISI).
In a graduation ceremony held yesterday in Dubai, H.E. Dr. Obaid Al Zaabi, Acting CEO of SCA, awarded certificates of completion to 40 brokers and financial analysts who fulfilled the examination requirements.
Among those honored were 10 brokerage professionals who successfully completed the requirements of the Continuous Professional Development (CPD) program last year. Two leading brokerage firms that show continuous support to the CPD program were also honored, namely Al Safwa Mubasher Financial Services and Finance House Securities.
Among the ceremony attendees were Prof. Abdullah Al Shamsi, Vice Chancellor of the British University in Dubai; Khalifa Rabba, Head of Market Control Department at the Dubai Financial Market (DFM); and Matthew Cowan, Regional Director of CISI Middle East, plus a number of experts and financial market specialists at home and abroad.
At the opening of the ceremony, Dr. Al Zaabi offered his congratulations to those who completed the program and extended thanks to the CISI for its continued cooperation as an important strategic partner in training and qualification.
Dr. Al Zaabi reiterated that SCA's training center has succeeded over its past years in consolidating its position in the field of specialized professional development locally, regionally, and internationally. He said that the professional qualification of brokerage professionals and financial analysts received strong support from SCA's board, chaired by H.E. Eng. Sultan bin Saeed Al Mansoori, and that the training center's strategic plan includes a goal of providing training to various financial market professionals.
In this context, the training center plans to launch further programs, including licensing examinations for investment managers and some other category of professionals.
Dr. Al Zaabi praised the rapid development the CPD program has experienced since its launch. He said that the training center's ambitious goals and the programs it offers are consistent with the goals specified in the national agenda and the UAE Vision 2021. He added that SCA is working to improve the financial market through developing regulations and mechanisms that govern market transactions. Dr. Al Zaabi elaborated that SCA's plan for this year includes issuing regulations concerning mergers and acquisitions, financial technology (fintech), crowdfunding, credit rating agencies, and special purpose vehicles (SPVs) and that the existing governance regulations will be updated to incorporate provisions on corporate social responsibility and green markets.