Securities and Commodities Authority

Securities and Commodities Authority (SCA)
Agency overview
Formed January 29, 2000 (2000-January-29)
Jurisdiction United Arab Emirates
Headquarters Abu Dhabi, UAE
Agency executives
  • Sultan Bin Saeed Al-Mansoori, Chairman
  • Mohammed bin Ali bin Zayed Al-Falasi, Chief executive
Website Official Portal

Securities and Commodities Authority (SCA) is a UAE entity established based on the federal decree No. (4) in 2000. The Authority is a legal entity, which is financially and administratively independent, reported directly to the Economy Minister. The main objective of the Authority is to supervise and monitor the markets.

History

The Securities and Commodities Authority (SCA) was established by Federal Law No. (4) of 2000[1] enacted by Khalifa bin Zayed Al Nahyan.

The Authority is a legal entity of autonomous status, enjoying financial and administrative independence with ultimate powers required for the execution of its tasks in line with the provisions of Law No. (4) of 2000.[2]

See also

References

  1. ↑ Hassan, Kabir; Mahlknecht, Michael (2011). Islamic Capital Markets: Products and Strategies. John Wiley & Sons. p. 104. ISBN 9780470689578.
  2. ↑ Seese, Detlef; Weinhardt, Christof; Schlottmann, Frank (2008). Handbook on Information Technology in Finance. Springer Science & Business Media. p. 159. ISBN 9783540494874.
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