Regulator page
Who it applies to: Onshore capital-market firms formerly licensed by the SCA, which became the CMA on 1 January 2026. Virtual assets now sit within the CMA's federal remit too.
Federal Law No. 32 of 2025 (Capital Market Authority) and Federal Law No. 33 of 2025 (Capital Market Regulation)
Sources differ on form: Al Tamimi says 'Federal Law', Latham says 'Federal Decree-Law'. Whether existing SCA decisions remain in force until replaced was not confirmed.
Rules and Regulations Manual of the Financial Activities, approved by SCA Board Chairman Decision No. 13/Chairman of 2021 (as amended)
Gap: the SCA/CMA outsourcing provisions could not be located in an accessible official text. Ask counsel or the CMA before building an SCA requirement pack.
Mapped from our source-by-source research, checked on 3 November 2026. High-confidence items were checked on an official page; Secondary source means law-firm or other secondary sources only; To be confirmed means reported but not verified.
The 2024 amendments added outsourcing requirements for licensed firms. The location in the Rulebook, the conditions, and any approval or notification duty to the regulator were NOT verified. To be confirmed
The SCA is reconstituted as the Capital Market Authority (CMA). Vendor and licence records should show 'CMA' for onshore securities firms from 2026. Virtual assets now sit within the CMA perimeter, which may overlap with VARA for Dubai VASPs. Secondary source
Mapped from the built-in summary. Each line shows whether the feature is live in the product today.
This is a summary for orientation, not legal advice. Always rely on the official text, and take advice on your own situation. For federal legislation, the Arabic text prevails.
