Do your business activities fall under the regulation of the Securities and Commodities Authority (SCA)?

The UAE Securities and Commodities Authority (SCA or sometimes referred to as ESCA) is tasked with monitoring and regulating the UAE’s financial markets including the Dubai Financial Market (DFM), the Abu Dhabi Securities Exchange (ADX) and the Dubai Gold & Commodities Exchange (DGCX). Furthermore, SCA regulates all securities-related activity within the UAE excluding activity within the Dubai International Financial Centre (DIFC). SCA, therefore, regulates the following types of financial institution:

  • Brokerage
  • Fund Establishment
  • Fund and Asset Management
  • Fund Promoter
  • Promoting and Introducing Financial Services

To obtain an SCA licence, your Firm must first consider the appropriateness for applying to the SCA, with the SCA’s Requirements and Conditions of Service in mind. 

Our SCA Focus Series provides guidance on the investment business regulations of the SCA, read the available issues by clicking here.

Where to start with your UAE Securities and Commodities Authority Licence

If your Firm is considering undertaking any of the aforementioned activities within the UAE, we can talk you through SCA’s Requirements and Conditions of Service for your sector and help you determine whether your Firm is a suitable candidate for SCA licensing. The type of activity you intend to undertake within the UAE will determine the extent of information that you need to provide to SCA.

In addition to the SCA requirements and application process, any firm who intends to establish a presence in the UAE will need permission from the UAE Economic Development Department and the Chamber of Commerce before submitting your final application to SCA.

Ensuring a smooth application process

With various government bodies involved, the process can often be deemed as complex and daunting. However, by using our reliable contacts and resources across the UAE regulatory landscape, we can project manage your licensing application coherently and effectively, leaving you with the assurance that your application is in capable hands and making headway.  

Furthermore, it is important to note that the SCA regulations are constantly evolving and for that reason, even beyond receiving your SCA licence, CCL will always be available to provide you with ongoing support with an interpretation of the regulations and advise as to how best update your systems and controls in line with regulatory updates.  

Contact our Regulatory Authorisation Specialists To identify the right regulatory environment for your business, contact our UAE Authorisation specialists

We have a dedicated team of experienced compliance consultants who can provide expert assurance and peace of mind. Get in touch to see how we can help your Firm.