We, Khalifa bin Zayed Al Nahyan President of the UAE
- Having reviewed the Constitution
- Federal Law No. 1 of 1972 on the Competencies of the Ministries and the Powers of the Ministers, as amended
- Federal Law No. 4 of 2000 on the Emirates SCA and Market, as amended
- Federal Law No. 2 of 2015 on Commercial Companies, as amended; and
Based on the proposal of the Minister of Economy, and the approval of the Cabinet
The securities and commodities licensed in the State, each according to their competence, shall solely assume all the operational and executive powers and competencies established for the SCA, as mentioned in Federal Law No. 2 of 2015 concerning commercial companies, and those contained in Federal Law No. 4 of 2000 concerning the UAE SCA and Market, and the regulations, rules and decisions issued in implementation thereof.
Without prejudice to the text of Article 1 of this Decree-Law, the SCA shall have the authority to regulate, monitor, and super...