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Annual Custody Fees

Details
Annual fees are imposed on banks or financial institutions whom are licensed by SCA and are registered to act as custodians on behalf of their clients in DFM as per a custody agreement signed by both parties.

For more information on this service, please contact:
DFM Customer Services
T: +971 4 305 5555
E: customerservice@dfm.ae

Fees
Average portfolio value for the previous year * 0.0025%
The minimum fees are AED 80,000

Procedures
  • An official letter is sent by DFM to the custodian to confirm the custodians average portfolio value for the previous year, and fees calculation together with an invoice. Also, DFM provides the custodian with the breakdown report based on symbol.
  • Fees are to be received from the custodian within 2 weeks period.
  • A receipt voucher is issued and provided to the custodian.

Required Documents
None

How to Apply?
Through email to registry@dfm.ae

FAQs

Yes absolutely, custodians need to ensure that a copy of the renewed custody license once obtained from the SCA, is submitted to the DFM in order to ensure the continuity of services.