Chairman of the Securities and Commodities Authority’s Board of Directors,
- Having reviewed Federal Law No. 4 of 2000 concerning the Emirates Securities and Commodities Authority and Market, as amended,
- Cabinet Decision No. 13 of 2000 concerning the Regulation as to the Functioning of the Securities and Commodities Authority, as amended,
- Cabinet Decision No. 34M/1F of 2022 on restructuring of the Securities and Commodities Authority’s Board of Directors,
- Chairman of the Authority’s Board of Directors’ Decision No. 13/R.M. of 2021 on the Regulations Manual of the Financial Activities and Status Regularization Mechanisms,
- Approval of the Board of Directors at its fifth meeting of the eighth session, held on 31/08/2022, and
- Based on what is required by the public interest.
Has decided:
1. The promotion of the foreign fund's units inside the State is limited to the private offering to the professional investor and/or the counterparty in accordance with the provisions stated in the financial activities’ regulations manual.
2...