The Dubai International Financial Centre.
PHOTO BY ARCHIVE
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
UAE President Sheikh Mohamed orders Dh35m humanitarian aid for Somalia
Dubai RTA resumes bus services to Abu Dhabi, Al Ain, Sharjah and Fujairah
UAE pension, gratuity: Work leave included in contribution scheme, says authority
Woman sued in Abu Dhabi after receiving 12 months’ salary by mistake
Sharjah increases speed limit on key road
Abu Dhabi set for Floyd Mayweather, Anderson Silva fight event
Monkeypox outbreak: No reported case in UAE but strict preventive measures in place
Filipina who almost quit Dubai wins Face of Le Flaire beauty contest
Elon Musk denies sexually harassing flight attendant
UAE police warn e-scooter riders, cyclists against using non-designated lanes
Indian Consulate in Dubai offers walk-in camps for emergency passport renewal
Home test kit for cancer detection to launch in UAE
Rare Monkeypox cases reported in Europe: What we know so far