Cabinet Resolution No. 21 of 2017 · UAE Federal
Cabinet resolution setting fees for certain services provided by the Securities and Commodities Authority, with administrative provisions, grievance and amendment rules and an annexed fee table.
Cabinet Resolution No. 21 of 2017 sets the government fees the Securities and Commodities Authority (now the Capital Market Authority, CMA) charges for public joint stock company (PJSC) transactions and for registering auditors of PJSCs and mutual funds, and fixes administrative penalties for late renewals and late notifications. It is the Cabinet-level fee instrument that sits beside the Authority's own technical service fee table (Decision No. 32/Chairman of 2018). The text records issue on 14 July 2017; it took effect 60 days after Official Gazette publication (Article 9; the index records 29 September 2017). It is in force without amendment.
Article 2 applies the attached fee table. For PJSCs it charges: incorporation, AED 5,000 to apply, AED 50,000 on registration and AED 10,000 a year to renew; conversion of a commercial company into a PJSC, AED 2,000 and AED 50,000; AED 30,000 each for a capital increase by rights issue or conversion of sukuk or bonds into shares, acquisition of 51% or more of a listed PJSC, a merger of listed PJSCs, and a merger of a listed PJSC with another commercial company; AED 2,000 for a certificate of amendment of the articles of association; AED 100 per certified page; and AED 500 for a to-whom-it-may-concern certificate. For audit firms it charges AED 2,000 to apply, AED 20,000 for a three-year accreditation to audit PJSCs and mutual funds, AED 10,000 per three-year renewal and AED 4,000 to re-register after removal.
Article 3 sets administrative penalties for delay beyond 30 days: AED 1,000 per month, capped at AED 10,000 a year, for late renewal of a PJSC's registration, late publication of amendments to the company's official document and late renewal of an audit firm's registration; and AED 2,000 per month, also capped at AED 10,000 a year, for an audit firm's late notice of a change of engagement auditor, of a professional lawsuit, or of changes to its data. Part of a month counts as a full month (Article 6).
Article 4 allows a written grievance to the Authority's Grievance Committee within 30 days of notification, to be decided within 30 days. Article 5 reserves amendments to the Cabinet, and Article 7 directs the Authority's Board to issue implementing decisions.
Public joint stock companies and companies converting into them, acquirers of 51% or more of a listed PJSC, merging companies, audit firms registered or seeking registration to audit PJSCs and mutual funds, and anyone requesting certified copies or certificates from the Authority.
English official text in 9 articles. Open the full text or jump to a provision:
| Article 2 | The fees in the attached table are collected for the services the Authority provides and lists there. |
| Article 3 | Penalties for delays beyond 30 days: AED 1,000 per month (cap AED 10,000 a year) for late PJSC or audit firm renewal or late publication of amendments; AED 2,000 per month (same cap) for late audit firm notifications. |
| Article 4 | A written grievance against a penalty may be filed with the Authority's Grievance Committee within 30 days of notification; the committee decides within 30 days. |
| Article 6 | Fees and penalties are collected by means set by the Ministry of Finance; part of a month counts as a month and part of a year as a year. |
| Article 9 | Published in the Official Gazette and in force 60 days after publication. |
| Schedule | PJSC fees: incorporation AED 5,000 / 50,000 and AED 10,000 yearly; conversion AED 2,000 / 50,000; AED 30,000 each for rights issues or debt conversions, 51% acquisitions of listed PJSCs and mergers. |
| Schedule | Audit firm fees: AED 2,000 application, AED 20,000 for a three-year accreditation to audit PJSCs and mutual funds, AED 10,000 per three-year renewal and AED 4,000 for re-registration after removal. |
Article 3 fines late renewal of a PJSC's registration, late publication of amendments to its official document and late audit firm renewal at AED 1,000 per month, and late audit firm notifications at AED 2,000 per month, each capped at AED 10,000 a year, after a 30-day grace period. Part of a month is charged as a full month.
We use this resolution when costing a conversion into a public joint stock company or a transaction involving a listed company. The AED 50,000 registration and AED 10,000 annual renewal for a PJSC, and the AED 30,000 fee on a 51% acquisition or merger, sit in the budget beside the Authority's technical fees and the market's own charges. The 30-day deadlines carry monthly fines, so we diarise them. We are not licensed by the CMA; we prepare the corporate documents, resolutions and amended articles that these approvals need, track renewal and publication deadlines for our PJSC clients, and coordinate with their auditors and legal counsel.
| Cites | Former SCA Law |
“Cites” and “Cited by” are built automatically from references in the full texts held in this library; they cover only instruments in the library.
CMA Technical Service Fees
Sets the technical service fees payable to the Authority for licensing, registration and other services, in an annexed fee table amended many times since 2018.
Registration of Auditors of PJSCs and Funds
Establishes the register of audit firms permitted to audit public shareholding companies and mutual funds, with conditions, appeals, notification duties and revocation of…
Commercial Companies Law
The principal law for onshore UAE companies: it sets out the permitted legal forms (joint liability, limited partnership, LLC, private and public joint stock), incorporat…
Grievances Regulation
Administrative resolution regulating grievances against resolutions relating to capital market transactions, including the grievance committee and its procedure.
Acquisition and Merger Rules for PJSCs
Sets the rules, conditions and procedures for acquisitions of public joint stock companies, including types of acquisition, executive procedures and disclosure, and the p…
Capital Markets Law
Regulates the onshore capital market from 1 January 2026: financial activities subject to CMA licensing, capital market institutions, offering and listing of securities, …
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