The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Nasdaq Dubai welcomes EU recognition of its central counterparty framework

posted on 04/04/2017: 898 views

Nasdaq Dubai has welcomed a ruling by the European Union that grants recognition to the exchange's clearing infrastructure. The decision opens the door for overseas banks and investors to play a larger role in Nasdaq Dubai's rapidly growing equity futures market.

The ruling by the European Securities and Markets Authority, ESMA, recognises Nasdaq Dubai as a third-country central counterparty, CCP, under EU regulations. This enables banks based in the EU to apply to become Clearing Members on the exchange.

ESMA's ruling also applies to Nasdaq Dubai's CCP infrastructure regarding equities and other securities. The UAE is the only country in the Middle East to which the ruling applies.

Hamed Ali, Chief Executive of Nasdaq Dubai, said, "Building on our existing international connectivity, this recognition by ESMA further enhances our links with European market participants. We are in discussions with a number of European banks that wish to become General Clearing Members, GCMs, on our equity futures market. Acquiring overseas Clearing Members will facilitate more trading by investors based around the world, adding new impetus to the market, which is currently dominated by regional investors."

The ruling follows ESMA's decision in January 2017 to classify the framework for central counterparties of Dubai Financial Services Authority, DFSA, Nasdaq Dubai's regulator, as equivalent to that of the EU.


14 June 2017 New decision issued on mergers, acquisitions of joint stock companies
13 June 2017 86 joint stock companies comply to SCA corporate discipline and governance standards
13 June 2017 Stock markets gain AED4 billion as Emaar spikes to AED7.83
18 May 2017 Indian firms continue to be attracted to DIFC’s robust regulatory and legal infrastructure
17 May 2017 ADGM admits First 5 Regional & International Reglab Applicants

Most Read