Securities and Commodities Authority takes proactive steps to promote investor confidence


Under directives from the UAE Cabinet as part of the precautionary measures taken nationwide to stem the impact of COVID-19, the Securities and Commodities Authority, SCA, has recently taken a number of proactive steps to provide support and flexibility to domestic securities markets and promote investor confidence.

Reducing to 5 percent from 10 percent the loss thresholds triggering a stop to trading was among these initiatives, which also included the development of a mechanism to facilitate share buybacks for listed companies to ensure further support to domestic stock markets without adversely affecting the trades taking place.

SCA has also reaffirmed that short-selling practices are not in place in UAE capital markets.

All listed companies have been instructed to hold their general assembly meetings remotely via a secure remote e-voting system.