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Registration of Ownership Movements

Details
Registration of ownership movements based on assignment deed of securities from one investor to another.

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

Fees
AED 0.00275 of the agreed value from each party, minimum AED 200 from both parties per transaction

Procedures
  1. In the case of assignment, DFM makes sure of the data to be verified and the updates of both parties’ data are ensured
  2. The signature of both the assignor and assignee are verified against the scanned signature in the Clearing Division's system
  3. DFM verifies and confirms the assignment fees that need to be paid
  4. The original certificate is received and the conformity of its data to the data of the assignor is confirmed (name of investor, number of the certificate and quantity)
  5. An invoice covering the assignment fees is prepared and the original invoice is handed to the applicant along with the original certificate
  6. The application is entered into the system for approval to take place within 2 working days
  7. DFM sends an email to the company informing them with the transfer taking place and attaching the investors transfer report that indicates the transfer activity

Required Documents
  • Complete the assignment agreement and have it approved by the company
  • Enclosing the original shares certificate (if not submitted earlier), noting that some companies did not issue shares certificate, in such case this requirement is waived
  • Paying the assignment fees
  • Supporting documents concerning the assignor and assignee:
  1. A valid transcription of the Memorandum of Association, Commercial License and the Commercial Registry
  2. A transcription of the valid Passport of the authorized signatory or agent.
  3. A transcription of the valid ID of the authorized signatory or agent
  • Other supporting documents are required in the case of the agent:
  1. A transcription of the Power of Attorney that is certified as per the regulations and is valid, together with a copy of the agent’s ID
  2. For Power of Attorneys issued abroad, it is to be certified by the relevant authorities and the UAE embassy in those countries

How to Apply?
Online through DFM eServices or in person at the DFM Listing and Disclosure Department, World Trade Centre, Dubai