SCA to enhance competitiveness of financial markets, protect investors

Securities and Commodities Authority developing four legislations on carbon credits and retail Sukuk

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Waleed Al Awadhi, CEO of the Securities and Commodities Authority (SCA), has announced that the authority is studying and preparing four regulatory projects “legislations” aimed at enhancing the competitiveness of financial markets, increasing transparency, and protecting investors.

Speaking to the Emirates News Agency (WAM), he said that the legislations under development include the regulation of trading platforms for carbon credits, a strategic project supporting national efforts to achieve carbon neutrality. The authority will set licencing and operational requirements for these platforms, while operators will establish their own operational rules.

Al Awadhi added that the SCA is finalising a draft regulation for retail Sukuk, designed to broaden the investor base by enabling access to the bonds and Sukuk market through fractional investment instruments, while safeguarding investors’ rights within a comprehensive regulatory framework. This is expected to boost liquidity and expand financial inclusion.