Cabinet Resolution · UAE
Cabinet Resolution Determining the Operational and Executive Capacities and Competences Approved for Licensed Securities Markets in the United Arab Emirates
Issued 11 May 2022 · In Force
The Cabinet,
- Upon reviewing the Constitution; and
- Federal Law No. (4) of 2000, Concerning the Emirates Securities and Commodities Authority and Market, and its amendments thereof; and
- Federal Decree-Law No. (22) of 2020, Concerning the Distribution of Competences and Capacities between the Emirates Securities and Commodities Authority (SCA) and Licensed Stock and Commodity Markets in the State; and
- Federal Decree-Law No. (32) of 2021, Concerning Commercial Companies; and
- Cabinet Resolution No. (11) of 2000, Concerning the Law of Market licensing, Supervision, and its amendments thereof; and
- Cabinet Resolution No. (13) of 2000, Concerning the SCA Work Law, and its amendments thereof; and
- Chairman of the SCA Board of Directors Resolution No. (04/R.M) of 2021, Concerning the Distribution of Competences and Capacities between the SCA and the Licensed Stock and Commodity Markets in the State; and
- Based on the proposals and recommendations submitted by the Chairman of the SCA Board of Directors, and the Cabinet's approval,
Hereby resolved:
Article (1)
The operational and executive capacities and competences established for the licensed stock and commodity markets in the State shall be determined in accordance with the list attached to this Resolution.
Article (2)
Any provision that violates or contradicts this Resolution shall be repealed.
Article (3)
This Resolution shall be published in the Official Gazette and shall be enforced as of the day following the date of its publication.
Mohamed bin Rashid Al Maktoum Prime Minister
Issued by Us: On: 10 Shawwal 1443 A.H. Corresponding to: 11 May 2022 AD