SCA finalises rules on covered warrants | The National:
"The Securities and Commodities Authority yesterday announced that it had finalised regulations for the issuance and trading of covered warrants.
The regulations, which were finalised at an SCA board meeting last week, will come into effect when they are published in the country’s Official Gazette. That is expected to occur within a month.
The federal regulator’s chairman, Sultan bin Saeed Al Mansoori, praised the move as adding depth to the financial services sector by increasing the tools available to investors.
Covered warrants are a form of listed security issued by financial institutions that are subsequently made available for trading on stock markets."
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