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The Securities and Commodities Authority (SCA) stressed, in a press release, that there will be no change in the trading commission charged on financial market transactions. It explained that investors will not bear any additional costs and will not be affected in any way.
SCA noted that there will be no change in the total commission charged per transaction, i.e. 0.00275 of the transaction value.
The statement said that SCA is working to improve financial markets by introducing innovative initiatives to increase investment products and meet the objectives set under its strategic plan, namely bolstering financial market effectiveness, maintaining investor rights, promoting financial market supervision; disclosure; and transparency, increasing market participants’ confidence, establishing the rules of professional conduct, and helping to improve the country’s ranking in line with the UAE Vision 2021 to be among the best in the world.
Given the above, and to achieve the objectives referred to earlier, SCA has adjusted commission percentages and took back part of the percentage it has given up earlier to brokerage companies, and therefore its share of the total commission percentage charged per trade amounts to 0.0005 whereas the broker’s percentage amounts to 0.00125.
