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UAE Capital Markets / Securities LawFederal Law by Decree No. (22) of 2020 Concerning the Distribution of Competencies and Powers between the Securities and Commodities Authority (SCA), and the Securities and Commodities Licensed in the State

UAE Federal Decree-Law

مرسوم بقانون اتحادي بشأن توزيع الاختصاصات والصلاحيات بين هيئة الأوراق المالية والسلع وأسواق الأوراق المالية والسلع المرخصة في الدولة

Authoritative Arabic version per the official UAE Legislation portal

Issued Date
September 27, 2020
Effective from
October 1, 2020
Articles
8
Last synced
Oct 19, 2026
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Plain-language summary

  • Splits regulatory duties between the SCA and licensed stock and commodity market operators.
  • Clarifies which financial market rules the SCA enforces directly versus which licensed entities handle.
  • Applies to all securities exchanges, commodity markets, and brokers operating in the UAE.
  • Sets out SCA's oversight powers over licensed firms' compliance and market conduct.
  • Allows licensed entities to manage day-to-day operations under SCA supervision and rules.

Defines the distribution of regulatory powers and competencies between the Securities and Commodities Authority and licensed securities and commodities entities…

Synced from the official UAE Legislation portal · Plain-language summary by LEXAI

Article-level text

Key Articles

8 articles

  1. 1

    Article 1

    Article (1) 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.

  2. 2

    Article 2

    Article (2) Without prejudice to the text of Article 1 of this Law by Decree, the SCA shall have the authority to regulate, monitor, and supervise securities and commodities in the State.

  3. 3

    Article 3

    Article (3) For the purposes of implementing the provisions of this Law by Decree, the boards of directors of the SCA, and SCA managers, shall undertake the operational and executive competencies

    -- 1 of 3 --

    Federal Law by Decree No. (22) of 2020 Concerning the Distribution of Competencies and Powers between the Securities and Commodities Authority (SCA), and the securities and commodities licensed in the State 2 established for the board of directors of the SCA and the SCA CEO, as the case may be.

  4. 4

    Article 4

    Article (4) The SCA shall coordinate with the markets, each within the limits of their competence, to transfer all regulations and data related to the market implementation of the competencies entrusted to it under the provisions of this Law by Decree.

  5. 5

    Article 5

    Article (5) The Cabinet or whomever it authorises may issue all necessary decisions to implement the provisions of this Law by Decree, including specifying the operational and executive powers and competencies established for the SCA, and these decisions shall be published in the Official Gazette.

  6. 6

    Article 6

    Article (6) The Cabinet or whomever it authorises, upon the request of the concerned market, may form one or more committees, whose competence and powers shall be defined in the formation decision, to carry out the operational and executive competencies stipulated in Articles One and Five of this Law by Decree, until all logistical arrangements at the markets are completed to carry out these competencies. The decision to form the Committee, their competence and powers shall be published in the Official Gazette.

  7. 7

    Article 7

    Article (7) Any text or provision contained in any other legislation that violates or contradicts the provisions of this Law by Decree shall be repealed.

    -- 2 of 3 --

    Federal Law by Decree No. (22) of 2020 Concerning the Distribution of Competencies and Powers between the Securities and Commodities Authority (SCA), and the securities and commodities licensed in the State 3

  8. 8

    Article 8

    Article (8) This Law by Decree shall be published in the Official Gazette and shall be enforced as of the day following the date of its publication. Khalifa bin Zayed Al Nahyan President of the UAE Issued by Us at the Presidency Palace in Abu Dhabi: Date: 10 Safar 1442 H Corresponding to: September 27, 2020

    -- 3 of 3 --

Note: The Arabic text of this legislation is the authoritative version as per the official UAE Legislation portal.

Articles in this law(8)
  1. 1Article (1) The securities and commodities licensed in the State, each according
  2. 2Article (2) Without prejudice to the text of Article 1 of this Law by Decree, th
  3. 3Article (3) For the purposes of implementing the provisions of this Law by Decre
  4. 4Article (4) The SCA shall coordinate with the markets, each within the limits of
  5. 5Article (5) The Cabinet or whomever it authorises may issue all necessary decisi
  6. 6Article (6) The Cabinet or whomever it authorises, upon the request of the conce
  7. 7Article (7) Any text or provision contained in any other legislation that violat
  8. 8Article (8) This Law by Decree shall be published in the Official Gazette and sh
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