Following an approval given by the board of the Securities and Commodities Authority (SCA) in its last meeting to start implementing the first phase of the self-regulatory model in the UAE securities sector, representatives from SCA, the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) have held a meeting to discuss the technical aspects of transferring jurisdiction over some financial instruments from SCA to ADX and DFM. The meeting included members of the joint committee formed by SCA, ADX, and DFM particularly for this purpose.
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