UAE approves new policy to name financial rule violators

The Dubai International Financial Centre.

PHOTO BY ARCHIVE

UAE approves new policy to name financial violators

DUBAI – The UAE Cabinet on Monday (May 9) approved a new policy to name violators of stock market rules in the country.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said the names of violators will be announced along with details of the violations committed.

Under the new policy, the Security and Commodities Authority is allowed to publish the names of the violators and the violations they committed.

The move is aimed at raising investment awareness, protecting investors and deterring people from committing violations in the financial markets.

The UAE Cabinet has yet to announce when the new policy will take effect. ICA/Expat Media

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