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10:00
01 january 2014
Home > Products > Services Catalogue > Services Details

Brokerage Companies Merger

Details
Request of brokerage firm to merge with another brokerage firm in DFM 


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

Fees
AED 100,000 from one party

Procedures
  1. Broker sends a request to SCA for approval  
  2. Broker sends SCA's approval to DFM  
  3. Broker submits approved letter to DFM along with: 
    • List of investor's names 
    • Undertaking letter 
    • Official letter to return the original bank guarantee 
  4. DFM receives and reviews submitted documents 
  5. DFM approves and processes merging request 
  6. DFM returns original bank guarantee to cancelled broker 
  7. Broker receives voucher receipt (merging process complete)

Required Documents
  • Approval letter from SCA
  • List of investor's names 
  • Undertaking letter 
  • Official letter to return bank guarantee 
  • New / Ammended bank guarantee for new brokerage company after the merge

How to Apply?
Online through DFM eServices or in person at the DFM Members Affairs, Trading Floor, World Trade Centre, Dubai