The Chairman of the Board of Directors of the Securities and Commodities Authority,
- Having considered the provisions of Federal Law No. 4 of 2000 concerning the Emirates Securities and Commodities Authority and Market,
- The Cabinet Decision No. 193/18 of 2000 concerning the Composition of the Board of Directors of the Authority,
- After consultation and coordination with the parties concerned in establishing the Markets in the State, and
- Upon the approval of the Board of Directors of the Authority at its meeting on 11/2/2001,
Has decided to approve the following regulation for trading, clearing, settlement, transfer of ownership and Safekeeping of Securities.
The following words and expressions shall have the meanings set forth opposite each of them, unless the context of the provision requires otherwise:
Law: Federal Law No. 4 of 2000 concerning the Emirates Securities and Commodities Authority and Market.
State: The State of the United Arab Emirates.
Authority: The ...