Tag: Dubai

January 12, 2016 BY Mike Fox

Dubai Financial Market approves International Financial Brokerage for margin trading

Middle Eastern regional securities market Dubai Financial Market (DFM) which is governed and regulated by the UAE Securities and Commodities Authority (SCA) this week announced that “International Financial Brokerage” has been accredited to provide margin trading services, lifting the total number of DFM brokerage firms providing this service to 32 companies. The total value of margin…

Read more
December 29, 2015 BY Maria Nikolova

Nasdaq Dubai applies for designation as National Numbering Agency in DIFC

The Dubai Financial Services Authority (DFSA) today announced that it has received a request from Nasdaq Dubai Ltd to obtain designation as the National Numbering Agency (NNA) for the jurisdiction of the Dubai International Financial Centre (DIFC). The role of the NNA is to accept registration information from issuers of new financial instruments such as…

Read more
December 29, 2015 BY Maria Nikolova

Dubai regulator warns against fraudsters claiming to work at Barclays

The Dubai Financial Services Authority (DFSA) today published a warning regarding an online scam involving abuse of the name of the DFSA’s Chief Executive and fraudulent impersonation of employees of Barclays Bank PLC UAE. The case is defined as an advance fee scam, with fraudsters sending e-mails to apparent customers of Barclays telling them to…

Read more
October 19, 2015 BY Maria Nikolova

SCA presents new requirements for internal audit reports at securities brokerages

The Securities and Commodities Authority (SCA), the regulator responsible for the oversight of securities brokerages in the United Arab Emirates, has issued a circular concerning the internal audit reporting for securities brokerage companies. The circular introduces new, tighter requirements for internal reports at such companies. Under the new rules, which come into force in the…

Read more