SCA board approves new rule for brokerage firms | GulfNews.com:
"The board of directors of the Securities and Commodities Authority, SCA, has approved a new regulation for brokers and amended two other regulations.
The board approved the new draft regulation for brokers, which was prepared in coordination with the UAE markets and all other stakeholders and concerned bodies in the securities industry.
The 34-article regulation classifies brokerage firms into those which engage in trading only while the clearance and settlement operations are conducted through clearance members and those which engage in trading clearance and settlement operations for their clients."
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