Former Trading, Clearing, Settlement and Custody Regulations

Board regulations on trading, clearing, settlement, transfer of ownership and custody of securities, amended many times and now listed by the CMA among superseded regulations.

Summary

Decision No. 2/R of 2001 contained the Authority's regulations on trading, clearing, settlement, transfer of ownership and custody of listed securities on UAE markets. It was issued on 18 February 2001 and took effect on publication in the Official Gazette (Article 40). It was amended many times, with footnoted changes from 2014 to 2021, including Decisions No. 28 of 2014, No. 2 of 2015, No. 12/R.M of 2016, No. 34/R.M of 2019 and No. 18/Chairman of 2021. The CMA now lists it among superseded regulations, so it should be read as historical; current rules on depository, clearing and trading are found in the CMA's later regulations and, from 1 January 2026, Federal Decree-Law No. 33 of 2025.

Its main rules were: trading in listed securities only on the market through a registered broker, with listed exceptions for transfers between spouses and close relatives, inheritance, gifts to official charities, court orders, settlements with financial institutions, auctions and licensed securities financing (Article 3). Article 1 defined material information, and Article 14 barred directors, the general manager and informed employees from dealing in the company's or group companies' securities for ten working days before material announcements and from fifteen days before each period end until the financial statements were disclosed. Transactions based on inside information were void (Article 15), and manipulative orders and trades were prohibited (Article 16). Daily price movement was limited to 15% of the previous close (Article 9). Article 7 bis set a total commission of 0.00275 of trade value, with a minimum of AED 65. Articles 23 and 31 to 35 fixed record dates for voting and dividends, payment of dividends within thirty days, and settlement within two working days. Article 39 bis allowed warnings, fines up to AED 100,000, investor suspension up to one year and suspension or cancellation of licences.

Who it applies to

Historically: UAE securities markets and their clearing houses, brokers, general clearing members and market makers, listed companies and their directors, managers and employees, share registrars and investors trading listed securities.

Contents

English official text in 43 articles. Open the full text or jump to a provision:

1. Article 1
2. Article 2
3. Article 3 — [4]
4. Article 4
5. Article 5 — [6]
6. Article 6 — [8]
7. Article 7
8. Article 7 bis — [9]
9. Article 8
10. Article 9
11. Article 10
12. Article 11
13. Article 12
14. Article 13
15. Article 14 — [13] [14]
16. Article 15
17. Article 16 — [15]
18. Article 17 — [16]
19. Article 18 — [17]
20. Article 19
21. Article 20
22. Article 21
23. Article 22 — [18]
24. Article 23 — [19]
25. Article 24
26. Article 25
27. Article 26
28. Article 27
29. Article 28
30. Article 29 — [21]
31. Article 30
32. Article 31 — [22] [23]
33. Article 32 — [24]
34. Article 33 — [25]
35. Article 34 — [26] [27]
36. Article 35 — [28] [29]
37. Article 36
38. Article 36 bis — [30] [31]
39. Article 37
40. Article 38
41. Article 39
42. Article 39 bis — [32] [33]
43. Article 40

Key provisions

Penalties

Article 39 bis allowed the Authority to warn violators, fine them up to AED 100,000, suspend an investor for up to one year, suspend accredited persons for up to two months or cancel their accreditation, and suspend for up to one year or cancel a licensed activity. Article 39 bis/1 allowed publication of violators' names. Trades made on inside information were void under Article 15.

History and citations

“Cites” and “Cited by” are built automatically from references in the full texts held in this library; they cover only instruments in the library.

Related instruments

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