The Board of Directors approves the promotion and introduction regulation and amends the decision concerning the Anti-Money Laundering and Counter-Terrorist Financing proceduresThe IOSCO Board of Directors adopts Arabic as an Official Language upon the SCA’s suggestion.

In line with the SCA’s endeavor to advance the array of activities and financial services associated with the securities sector in the UAE to match the best international standards and practices, the SCA’s Board of Directors adopted many decisions and regulations, including the regulation of the administrative services of the mutual funds, promotion and introduction, as well as amending of the SCA Chairman’s decision concerning the Anti-Money Laundering and Counter-Terrorist Financing procedures

The Board of Directors of the Securities & Commodities Authority held its 13th meeting (of its 5th term) in Dubai. The meeting was chaired by H.E. Sultan bin Saeed Al Mansoori, Minister of Economy/ Chairman of the Board of Directors.