CMA Decision No. 35/Chairman of 2019 · UAE Federal
Amending instrument recorded in the amendment notes of the Listing and Trading of Commodities Regulations (CMA Decision No. 157/R of 2005). The CMA has consolidated its changes into that text and keeps this instrument in its archive of amending regulations.
Decision No. 35/R.M of 2019 put every activity licensed by the Securities and Commodities Authority on one periodic financial reporting timetable. Rather than standing alone, it rewrites the reporting clause in eleven of the Authority's regulations and adds one to a twelfth. Issued in Abu Dhabi on 9 October 2019 after board approval on 16 September 2019, it took effect 30 days after publication in the Official Gazette (Article 3). The CMA lists it as in force; several of the regulations it amended have since been superseded, but its text survives in those still in force, including the Listing and Trading of Commodities Regulations (Decision No. 157/R of 2005), the clearing operations regulations of 2015, the Central Clearing Party regulation of 2016 and the Central Depository regulation of 2018.
Article 1 replaces the reporting obligations in: Article 3-11 of the commodities regulations; Article 9 of the financial consultancy regulation of 2008; Article 7 of the custody regulation of 2009; Article 11 of the investment management regulation of 2014; Article 17 of the securities brokerage regulation of 2014; Article 10 of the clearing operations regulations of 2015; Article 16 of the CCP regulation of 2016; Article 8 of the promotion and introduction regulation of 2017; Article 7 of the fund administration services regulation of 2017; Article 8 of the credit rating regulation of 2018; and Article 10 of the central depository regulation of 2018. Article 2 adds clause 28 to Article 26 of the 2016 investment funds regulations.
The common core is the same in each: quarterly financial reports reviewed by the external auditor within 45 days of quarter end, an audited annual financial report within three months of year end, both signed by the authorised signatory under the memorandum, and quarterly and annual activity reports on the Authority's form, signed by the director responsible where the firm holds more than one licence. Local banks, foreign bank branches and, for commodities brokers, finance companies are excused the reviewed and audited reports. Activity-specific additions include a compliance report for custodians, monthly staff dealing reports for brokers, board minutes and reports on holders of more than 10% for clearing houses, and reports on holders of more than 5% for the central depository.
All firms licensed by the Securities and Commodities Authority, now the Capital Market Authority, under the regulations it amends: commodities and securities brokers, financial consultants, custodians, investment and fund managers, promoters, fund administrators, credit rating agencies, clearing houses, central counterparties and central depositories.
English official text in 3 articles. Open the full text or jump to a provision:
| Article 1 (Article 3-11, Decision 157/R of 2005) | Commodities brokers file reviewed quarterly reports within 45 days, audited annual reports within three months and activity reports on the Authority's form; banks, foreign bank branches and finance companies excused the reviewed and audited reports. |
| Article 1 (Article 7, Decision 29/R of 2009) | Custodians add an annual internal compliance report within three months of year end confirming the effectiveness of internal control, alongside reviewed quarterly and audited annual reports. |
| Article 1 (Article 17, Decision 27 of 2014) | Securities brokers add monthly reports on securities dealings of directors, managers, staff and affiliates within five working days of month end, copied to the market. |
| Article 1 (Article 10, Decision 11 of 2015) | Commodities clearing companies also file board and committee minutes, a report on shareholders or clearing members holding more than 10% and details of reciprocal agreements with other clearing organisations. |
| Article 1 (Article 16, Decision 22/R.M of 2016) | A central clearing party also files board and committee minutes and an updated report on shareholders or clearing members holding more than 10% of its capital. |
| Article 1 (Article 8, Decision 3/R.M of 2017) | Promoters file reviewed bi-annual financial reports within 45 days of period end and an audited annual report within three months. |
| Article 1 (Article 10, Decision 19/R.M of 2018) | The central depository also files an updated report on shareholders holding more than 5% of its capital. |
| Article 2 | Adds clause 28 to Article 26 of the 2016 investment funds regulations, applying the same reviewed quarterly, audited annual and activity reports to fund management companies. |
| Article 3 | Published in the Official Gazette and in force 30 days after publication. |
Clients holding or applying for a CMA licence often underestimate how much routine reporting comes with it. This decision fixes that rhythm: an auditor review every quarter within 45 days and audited accounts within three months of year end, on top of the firm's own activity reports. Polaris is not licensed by the CMA and does not carry on regulated financial activities. For licensed clients we coordinate bookkeeping, auditor engagement and board approvals so that the figures are ready before the deadlines, keep the authorised signatory under the memorandum current, and maintain corporate, UBO and AML records alongside the regulatory filings their compliance adviser makes.
| Amends | CMA Decision No. 157/R of 2005 |
| 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.
Listing and Trading of Commodities Regulations
Regulates the listing and trading of commodities and commodity contracts on licensed commodities markets, including the obligations and financial reporting of licensed me…
Clearing Operations in Commodities Markets Regulations
Sets the rules for clearing operations in licensed commodities markets, covering the clearing entity and its members, clearing procedures and obligations, and the Authori…
Central Clearing Party (CCP) Regulation
Regulates central clearing counterparty business: licensing of CCPs, how a CCP functions, its obligations, and the CMA’s control, inspection and penalty powers over it.
Central Depository Regulation
Regulates the central depository activity: no person may carry it on without a licence, licence term and discontinuation, the depository centre’s functions and obligation…
Former Brokerage in Securities Regulation
Board regulation on brokerage in securities, amended several times and now listed by the CMA among superseded regulations.
Former Securities Custody Regulation
Chairman decision regulating securities custody activity, now listed by the CMA among superseded regulations.
Former Investment Funds Regulations
Chairman decision regulating investment funds from 2016, replaced by the Investment Funds Regulation issued by Decision No. 01/Chairman of 2023 and now listed by the CMA …
Regulations Manual of the Financial Activities (Rulebook)
Issues the Regulations Manual of the Financial Activities (the CMA rulebook): licensing categories and requirements for financial activities, approved jobs, business cond…
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