Abu Dhabi – Mubasher: The board of UAE’s market regulator Securities and Commodities Authority (SCA) approved a new mechanism of transferring dividends to shareholders’ bank accounts, and endorsed amendments to the financial advisory and analysis system, to be implemented starting early January.
SCA also approved a request from Dubai Gold and Commodities Exchange (DGCX) to list Single Stock Futures.
The new mechanism will ensure the timely delivery of cash dividends, added SCA in a statement.
Meanwhile, the amendments to the financial advisory system is aimed to broaden the scope of such an activity, in addition to enabling licensed company to provide the financial planning service to investors.
