Regulation - Overview

NASDAQ Dubai recognises that public confidence in its marketplace is the key to its success.

NASDAQ Dubai has been working successfully with the DFSA, its regulator, to create an environment in which brokers can easily access NASDAQ Dubai market.

NASDAQ Dubai has also been working successfully with the Emirates Securities and Commodities Authority, which regulates financial services in the UAE, to faciliate access by UAE brokers.

To achieve this it provides a regulatory environment of the highest international standards.

This structure falls into a number of different categories:-

• Rules which regulate the process which companies must follow if they wish to have their securities admitted to trading on the market operated by NASDAQ Dubai. See Issuers and Securities Rules
• Rules which regulate the obligations of companies after their securities have been admitted to trading (e.g., continuous disclosure rules) – also covered by the Issuers and Securities Rules
• Rules which regulate the process which an entity must follow in order to become a Member of NASDAQ Dubai – NASDAQ Dubai Business Rules.
• Rules which regulate the behavior of Members on the market operated by NASDAQ Dubai and the obligations which Members owe to their clients – also covered by the Business Rules.
• Rules which regulate Clearing and Settlement procedures are covered by the NASDAQ Dubai Business Rules.

NASDAQ Dubai is regulated by the Dubai Financial Services Authority (DFSA). NASDAQ Dubai has been awarded a licence by the DFSA to operate as an Authorised Market Institution (under the DFSA Authorised Market Institution Rules).

One of the conditions for maintaining a licence from the DFSA is that the NASDAQ Dubai must operate a fair and informed market.