News Centre

In Cooperation With S&P Dow Jones Indices And Hawkamah: Dubai Financial Market Launches The First Of Its Kind ESG Index Aiming To Strengthen UAE Markets’ Competitiveness And Attract Investments

Date 22/04/2020

• The new index consists of 20 companies and aims to encourage listed companies in the UAE to expand embracing ESG best practices
• H.E. Sultan Almansoori: “the index promotes culture of governance and enhances investors’ confidence in the UAE capital market”
• H.E. Essa Kazim commented, “significant initiative in line with international institutions’ mounting inclination to factor ESG into their investment decisions”
• Dr. Obaid Al Zaabi: “the index will raise awareness about the importance of implementing principles outlined in the new governance guide for public joint-stock companies”
• Dr. Ahmad Bin Al Shaikh: “there is no better time to encourage responsible behaviors than now, the new ESG index will create good competition between listed companies to do the right thing”

• Reid Steadman: “We look forward to working with our partners and clients in the Middle East and globally to bring ESG into the core of investors’ portfolios”

SGX RegCo Grants Auto-Extension For Release Of Unaudited Financial Results For FYs Ended Feb, Mar And April 2020

Date 22/04/2020

Singapore Exchange Regulation (SGX RegCo), in consultation with the Monetary Authority of Singapore (MAS), will grant an automatic 2-month extension to issuers with financial year-ends (FY-end) of 29 Feb 2020 or 31 March 2020 ; and a 1-month extension to issuers with a 30 April 2020 FY-end, to release their full year unaudited results (Waiver).

UAE Securities And Commodities Authority Issues Circular To Licensed Companies On Controls And Requirements Concerning UAE Nationals Working In The Securities Sector

Date 22/04/2020

As part of its efforts to contain the consequences of the coronavirus outbreak and limit its effects on the securities sector, the Securities and Commodities Authority (SCA) required the companies it licensed, in a circular issued yesterday, to comply with a number of controls and requirements concerning the UAE nationals working there. 

Technology Will Be Key Differentiator In Risk Management According To New Aite Group Study

Date 22/04/2020

Digitalisation of risk technology will be a pivotal factor in the monitoring and management of risk during increasingly common periods of volatility and continuing market uncertainty, according to findings by Aite Group, a global research and advisory firm, and Torstone Technology, a leading provider of post-trade processing and risk management.

SIX Exchange Regulation AG Renews Its Brand Identity

Date 22/04/2020

With this announcement, SIX Exchange Regulation AG («SER») provides information about the renewal of its own brand identity. In addition to a new logo, SER offers all stakeholders a redesigned website under a new domain.

Release Of The ACI Dealing Certificate New Version

Date 22/04/2020

ACI FMA is announcing the launch of the ACI Dealing Certificate New Version.

Dubai Financial Services Authority Welcomes Regulatory Sandbox Applications For Its 2020 Summer Cohort

Date 22/04/2020

• DFSA supports the future of finance through innovation and Dubai’s SMART Initiatives

IRTI Announces IsDB Prize For Impactful Achievement In Islamic Economics

Date 22/04/2020

The Islamic Research and Training Institute (IRTI) has announced a reform and expansion of scope of the Islamic Development Bank (IsDB) Prize in Islamic Economics, Banking and Finance. The 32-year-old Prize will now be widened to reward outstanding achievements both in knowledge creation and in implementing innovative development solutions guided by the principles of Islamic Economics. It will now be called ‘IsDB Prize for Impactful Achievement in Islamic Economics.’

RTS 27: The Problem Child Of The Regulatory Family, By Quinn Perrott, Co-CEO, TRAction Fintech

Date 22/04/2020

As far as regulations go, RTS 27 is no household name. While a lot of regulatory jargon is thrown around in the world of financial markets with no further explanation, RTS 27 always comes with a byline.

Regulator’s Column: What SGX Expects Of Issuers’ Disclosures During COVID-19

Date 22/04/2020

The COVID-19 outbreak has given rise to high levels of volatility in the global financial markets.  COVID-19 and the resultant actions taken by the governments and businesses around the world to protect public health and safety are unprecedented on many fronts. Companies and individuals alike have had to make major adjustments amid the current challenges.