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| Agency overview | |
|---|---|
| Formed | January 29, 2000 |
| Jurisdiction | United Arab Emirates |
| Headquarters | Abu Dhabi, UAE |
| Agency executives |
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| Parent agency | Ministry of Finance |
| Website | Official Portal |
The Securities and Commodities Authority (SCA) is a federal financial regulatory agency in the United Arab Emirates. It was established based on Federal Decree No. (4) of 2000 by then-president of the UAE, Khalifa Bin Zayed Al Nahyan and it's amendments issued in Federal Law 25 of 2006, amending the former law.
The authority is a federal government agency, which is financially and administratively independent, headed by a CEO and a chairman of a board of directors, both appointed by the President of the UAE. The main objective of the authority is to supervise and monitor financial markets in the UAE, including the Dubai Financial Market and the Abu Dhabi Securities Exchange.[2] However, it is not responsible for regulating financial activity in free economic zones such as the Dubai International Financial Centre, which are regulated by independent laws and courts such as the DIFC Courts.[3]
- ^ Market, Insight. "Nasdaq Women in Technology: Dr. Maryam Buti Al Suwaidi, Chief Executive Officer of the Securities and Commodities Authority". Nasdaq. Retrieved 7 June 2022.
- ^ DFM, DFM. "Securities and Commodities Authority (SCA)". Securities and Commodities Authority (SCA). Dubai Financial Market. Retrieved 7 June 2022.
- ^ Compliance Solutions, Waystone. "Securities & Commodities Authority (SCA) Guiding you through UAE SCA Authorisation". Securities & Commodities Authority (SCA) Guiding you through UAE SCA Authorisation. Waystone. Retrieved 7 June 2022.