Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.
Find out moreWe are excited to unveil our inaugural Environmental, Social, and Governance (ESG) Report, highlighting our dedication to responsible and sustainable business practices.
From our efforts on cutting carbon emissions to promoting diversity and inclusion initiatives, offering pro bono legal aid, and aiding local communities, each initiative underscores our profound commitment to fostering positive change in our communities and beyond.
Delve into our journey of progress and future aspirations.
Read NowAnna Robinson - Senior Associate - Corporate / Mergers and Acquisitions / Venture Capital and Emerging Companies
In an event held by the Securities & Commodities Authority (‘SCA‘) under the title “The Role of Financial Markets Institutions in Motivating Investment in Securities” H.E. Dr. Obaid Al Zaabi launched the “Investors Rights in Capital Market” guidelines (‘Guidelines’) The Guidelines summarise investors’ rights and the standard of conduct that they should expect from financial service providers. It is helpful for both investors to understand their rights and persons licensed by the SCA to understand the SCA’s expectations of them in the provision of financial services.
The Guidelines list 20 rights to which all investors are entitled when dealing with SCA licenced providers including but not limited to brokerage, trading, investment management, promotion and introductions service providers. In short, the Guidelines provide that a licenced service provider shall:
The Guidelines do not impose new obligations on financial service providers as their obligations are already contained in regulations issued by the SCA. However, the codification of investors’ rights, in an easily accessible and comprehensible document, should motivate investment by establishing trust in the market between licenced providers and investors. Increased trust in the market should lead to increased investments because:
The SCA is also taking further steps to make the market more attractive to investors and increase the access investors have to material by providing information and guidance on a number of social media platforms including Youtube, Facebook, Twitter and Instagram. These steps should assist in making the market more accessible to the modern investor. This move, by the SCA, demonstrates the steps it is taking to achieve its mandate of safeguarding the rights of investors, promoting sound practices, and creating a capital-attractive environment.
Al Tamimi & Company’s Equity Capital Markets team regularly advises on investors’ rights in Capital Markets. For further information please contact Anna Robinson (a.robinson@tamimi.com) or Yousef Al Amly (y.alamly@tamimi.com).
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.