Wednesday, Apr 19, 2017
Abu Dhabi: The Securities and Commodities Authority (SCA) has said that it will disclose the names of those who violate its provisions in line with SCA Board Chairman’s Decision No. 30 for 2016.
A source at the SCA said in order to protect investors and enhance the principles of sound and fair practices and to improve the efficiency of UAE capital markets, the SCA will start disclosing, on its electronic website, names of the violators of its provisions.
Under the terms of the decision, names and job titles of potential violators will be released along with a briefing on the type of infringements committed and the penalty enforced.
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