Published: Jul 13, 2014
Source: Emirates 24|7

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New rules for UAE brokerages create new classification

Relatively low capital requirement to beef up liquidity

The board of directors of the Securities and Commodities Authority, SCA, has approved a new regulation for brokers and amended two other regulations.

The decision was taken during a meeting, which was presided over by the Board Chairman of SCA and Minister of Economy, Sultan bin Saeed Al Mansoori and attended by Mohammed bin Ali bin Zayed Al Falasi, Deputy Board Chairman, Abdullah Salim Al Turifi, Chief Executive Officer, Mubarak Rashid Al Mansoori, Mohammed Ali Ahmed Al Dhahiri and Butti Khalifa bin Darwish Al Falasi - By Wam. Read more>>>

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