Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Free Consultation: 1 hour
The Securities Law in Dubai, United Arab Emirates (UAE) is under the regulatory oversight of the Securities and Commodities Authority (SCA), which regulates and supervises the financial market ensuring transparency, quality, and protection of investor rights. It is also defined by the rules of the Dubai Financial Services Authority (DFSA). Securities law encompasses a range of financial instruments including shares, bonds, Sukuk (Islamic bonds), mutual funds, and derivatives, with strict regulatory guidelines for trading, issuing, and managing these financial products.
Securities Law can be complex and hard to navigate without specific knowledge and expertise. You may need a lawyer to assist in the setup and operation of funds, capital market transactions, or in dealing with compliance issues related to trading regulations. Furthermore, if you are facing allegations of securities fraud or insider trading, it is crucial to seek legal support from an attorney with a deep understanding of securities law in Dubai, UAE.
The foundation of securities law in Dubai lies in Federal Law No. 4 of 2000 concerning Emirates Securities and Commodities Authority and Market and its amendments, which regulates the securities market in the UAE. It sets out key principles such as the prohibition of insider trading and market manipulation, and the requirement for disclosure of material information by publicly-listed companies. It is also worth noting that the DFSA has established an independent regulatory framework for securities law within the Dubai International Financial Centre (DIFC) which follows international standards for best practices.
Penalties for violating securities law can be severe, including substantial financial fines, imprisonment, and prohibition from trading or holding executive positions in public companies.
The DFSA is responsible for regulatory oversight of all financial and ancillary services conducted through the DIFC. This includes supervising and enforcing compliance with market standards and regulations.
Yes, under the UAE’s Federal Law No. 4 of 2000, insider trading is prohibited and considered a criminal offence.
Yes, foreign investors are subject to the same laws. However, certain additional restrictions or requirements may apply and hence, appropriate legal advice should be sought.
The primary types of securities include stocks, bonds, mutual funds, and derivatives, among others. Both conventional and Islamic finance securities are available in the UAE marketplace.
The Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA) both offer resources, regulatory guidelines, and updates on securities law. It is also recommended to seek advice from legal firms specializing in securities law in Dubai.
If you need legal assistance with securities in Dubai, start by reaching out to a local law firm that specializes in securities law. Prepare any relevant documentation, such as contracts or trading records, ahead of your consultation. An experienced lawyer can provide advice and help navigate through any legal processes or disputes.
