UAE Capital Markets / Securities LawCabinet Resolution No. (53) of 2022 Determining the Operational and Executive Capacities and Competences Approved for Licensed Securities Markets in the United Arab Emirates

Article (3) This Resolution shall be published in the Official Gazette and shall be enforced as of the day following the date of its publication. Mohamed bin Rashid Al Maktoum Prime Minister Issued by Us: On: 10 Shawwal 1443 A.H. Corresponding to: 11 May 2022 AD

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Cabinet Resolution of 2022 Determining the Operational and Executive Capacities and Competences Approved for Licensed Securities Markets in the United Arab Emirates 3 List of Operational and Executive Capacities and Competences for the Licensed Stock and Commodity Markets in the State Annexed to Cabinet Resolution No. (53) of 2022 1. Market Maker; 2. Cash Flow Provider; 3. Lending and Borrowing Securities; 4. Online Trading; 5. Margin Trading; 6. Short Selling; 7. Brokerage Companies Trading for their own account; 8. Direct Market Access (DMA); 9. Trading rules, including regulating the transfer of ownership of off-floor trading securities; 10. Deposit Rules; 11. Penalties imposed by the market on violators of its regulations and rules in force; 12. Registered owner and beneficial owner; 13. Foreign brokerage companies trading from remote access; 14. Derivatives Trading; 15. Price Stability Manager; 16. Central Clearing Counterparty (CCP); 17. Listing Rules (Securities - Investment Fund Units - Derivatives); 18. Implementing the procedures for the purchase of companies shares; 19. Setting the controls for the shareholders register (Article 141 of the Companies Law); 20. Regulating the sale of shares whose value shall not be paid in full (Article 219 of the Companies Law); 21. Dividends to shareholders (Article 243 of the Companies Law); 22. Determining the fees that markets charge for the services they provide;

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Cabinet Resolution of 2022 Determining the Operational and Executive Capacities and Competences Approved for Licensed Securities Markets in the United Arab Emirates 4 23. Establishing membership affairs controls for IDX institutions; 24. Rules for continuous disclosure obligations for the listed products related to the integrity of trading and information transparency; 25. Establishing executive controls for electronic subscription procedures; 26. Implementing subscription procedures and issue premium; 27. Establishing procedures for implementing the commitment to coverage and price building; 28. Providing electronic voting platform management services; 29. Establishing procedures for trading priority rights; 30. Procedures for reducing and increasing the capital and listing and depositing the capital increase shares; 31. Implementing procedures for converting bonds and instruments into shares; and 32. Implementing share nominal value split procedures

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