UAE regulator refers listed firm to public prosecutor over acquisition - The National:
The Securities and Commodities Authority, the UAE's capital markets regulator, referred a case of an unidentified listed company to public prosecution on suspicion that errors led to an inflated acquisition value, according to a statement on its website.
Calls to SCA for further clarification were not immediately answered.
The regulator was set up in 2000 and granted administrative independence by a federal decree. The public authority is tasked with supervising and monitoring UAE capital markets, the Abu Dhabi Securities Exchange and Dubai Financial Market.
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