UAE – SCA CAT 3

Securities & Commodities Authority CAT 3

Licenses are granted by Securities & Commodities Authority in Abu Dhabi under Federal Law of 2000. 

CAT3 Custody Clearing and Recording, including categories: 

  • Custody
  • General clearing 
  • Issuer of Covered Warrants
  • Depository bank of Depository Receipts 
  • Depository Bank Agent of Depository Receipts
  • Registrar of Private Joint Stock Companies
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License Details

Feature/Category

Custody, Clearing & Recording License (CAT3)

Type of company required to be eligible

Mainland Dubai, DIFC, ADGM

Minimum paid-up statutory capital

AED 50 Million

Corporate Taxation

9%

Main requirements

• min 2 local directors (fit and proper) 

• local Compliance 

• local office

• External Audit 

• Risk Management 

• Operations Manager

Approximate Timeframe

As regards the timeframe for obtaining the license, a completed application is normally decided upon SCA approval within approximately 6 months from the date of the final filing.

Apply for Securities & Commodities Authority CAT 3 in UAE

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