The Securities and Commodities Authority (SCA) is the federal financial regulatory agency of the United Arab Emirates, established in 2000. It oversees the regulation and development of the UAE’s financial markets, including the Dubai Financial Market and the Abu Dhabi Securities Exchange. The SCA’s primary responsibilities include:
- Safeguarding investor rights: Ensuring that investors are protected from fraudulent activities and market manipulation.
- Promoting transparency and corporate governance: Implementing regulations that require companies to disclose relevant information and adhere to best practices in corporate governance.
- Ensuring market stability and efficiency: Monitoring market activities to maintain orderly trading and prevent systemic risks.
- Licensing and supervising financial services companies: Granting licenses to brokers, investment firms, and other market participants, and overseeing their compliance with applicable laws and regulations.
- Enforcing regulations to maintain market integrity: Imposing sanctions and penalties on entities that violate securities laws to uphold the trustworthiness of the financial markets.
Through its efforts, the SCA aims to foster a sustainable investment environment within an advanced financial market.
