UAE Capital Markets / Securities LawCabinet Resolution No. (21) of 2017 Regarding the Fees for Certain Services Provided by the Securities and Commodities Authority

Article (1) Definitions For the purposes of implementing the provisions of this Resolution, the following terms and expressions shall have the meanings assigned to each of them, unless the context requires otherwise: State : United Arab Emirates. Authority : Securities and Commodities Authority. Auditors Register : The register for recording auditors of public joint-stock companies and investment funds with the Authority.

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Cabinet Resolution of 2017 Regarding the Fees for Certain Services Provided by the Securities and Commodities Authority 2

Article (2) Service Fees The fees specified next to each service in the Schedule attached to this Resolution shall be collected for the services provided by the Authority.

Article (3) Administrative Fines Administrative fines shall be imposed for the violations listed below, as specified opposite each of them: No. Violation Description Administrative Fine/(AED) 1 Delay in renewing the registration of a public joint- stock company, within (30) thirty days from the date of expiry of the registration. (1,000) per month, with a maximum of (10,000) annually. 2 Delay in publishing amendments to the official instrument, within (30) days from the date of the amendment. (1,000) per month, with a maximum of (10,000) annually. 3 Delay in renewing the registration of the auditing company in the Auditors Register, within (30) days from the date of expiry of the registratio…

Article (4) Grievance Any interested party may submit a written grievance to the Grievance Committee at the Authority against any administrative penalty imposed against them under this Resolution, within thirty (30) days from the date of being notified of the decision subject of the grievance. If the last day falls on an official holiday, the grievance period shall be extended to the next working day. The Committee shall decide on this grievance within thirty (30) days from the date of its submission, in accordance with the procedures in force at the Authority.

Article (5) Amendment of Administrative Fees and Fines The Cabinet shall be competent to make any amendments to the administrative fees and fines stipulated in this Resolution, whether by addition, deletion, or modification.

Article (6) Final Provisions 1. The administrative fees and fines stipulated in this Resolution shall be collected through the means determined by the Ministry of Finance. 2. For the purposes of collecting the administrative fees and fines stipulated in Articles (2) and (3) of this Resolution, part of a month shall be deemed a full month, and part of a year shall be deemed a full year.

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Article (7) Issuance of Executive Decisions The Board of Directors of the Authority shall issue the decisions necessary for the implementation of the provisions of this Resolution.

Article (8) Repeals Any provision that contradicts or conflicts with the provisions of this Resolution shall be repealed.

Article (9) Publication and Entry into Force This Resolution shall be published in the Official Gazette and shall enter into force (60) sixty days from the date of its publication. Mohammed bin Rashid Al Maktoum Prime Minister Issued by Us: On: 10 Shawwal 1438 A.H. Corresponding to: 4 July 2017 A.D.

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Cabinet Resolution of 2017 Regarding the Fees for Certain Services Provided by the Securities and Commodities Authority 5 Table of Fees for Certain Services Provided by the Securities and Commodities Authority Attached to Cabinet Resolution No. (21) of 2017 No. Service Type Description Service Fee (in Dirhams) Application Registration Renewal Public Joint-Stock Companies 1 Establis…