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Listing Funds

Details
This service allows companies to request listing their funds at DFM by applying for a fund license from DFM, in turn, the DFM will perform auditing on the available requirements in terms of issuing the approval for the company's profile to be listed at DFM. 

An approval from the Securities and Commodities Authority (SCA) for the company’s fund listing is required.


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

Fees

Application Fee: AED 5,000 to be paid once to SCA
Listing Fees: AED 10,000 AED to be paid once to SCA


Procedures
  1. The company should complete and submit the request of Listing Funds at DFM and fulfill all requirements in terms of enabling the fund to be listed at DFM. 
  2. The Listing and Disclosure Department at DFM will review the company's application form and reply back to the company whether the application has been accepted or returned in order to fulfill the necessary requirements and resubmit the request within a time-frame of 1 week.
  3. Once the request fulfills all the requirements, the DFM Listing and Disclosure team will transfer the request to the Securities and Commodities Authority (SCA) to check and approve the application within a maximum time frame of 30 days.
  4. The requesting company must pay the required listing fees once the approval is obtained (T+1).
  5. Listing date will be specified (T+1).


Required Documents

Documents related to the company established of the investment fund:

  • A copy of the Memorandum of Association and Articles of Association and their amendments, certified from the competent authorities in the state which the company bears its nationality
  • A copy of the Certificate of Incorporation
  • A copy of the business license or its substitute
  • A copy of the Commercial Register (if any)
  • The annual financial report of the importing entity for the last 2 years prior to the listing request and its amendments, certified from the authorities in the state which the company bears its nationality
  • A list with the authorized persons to sign documents and correspondence addressed to DFM and their respective signatures
  • A copy of the BOD resolution authorizing signatories to sign the documents addressed to DFM

 

Documents related to the investment fund:

  • A copy of the Securities and Commodities Authority (SCA) license for listing the fund’s units (for the investment fund with a closed capital account)
  • A copy of the Central Bank license to establish the fund (Funds established locally)
  • If the fund is already established and subscribed in its units, the financial statements are then to be presented for the last 2 years or for the period since its establishment, whichever is less. The financial data has to be supported by an authorized financial auditor along with a detailed report from the BO on the fund’s performance for the same period
  • If the fund is established
  • The restrictions on transfer and ownership of the units
  • Details of listing in other financial markets
  • The prospectus or information bulletin

Documents related to the fund and the establishing company:

  • The details of court orders issued against the establishing company or the fund
  • Please enclose any other related documents

 

The Securities and Commodities Authority (SCA) approval is required. 


How to Apply?
Through email to (Listing@dfm.ae , Disclosure@dfm.ae) or in person at the DFM Listing and Disclosure Department, World Trade Centre, Dubai

FAQs

DFM has dedicated Issuer Affairs and CSD teams to ensure your requests are responded to swiftly. The time-frame taken to complete a service request depends on the nature of the request, most service requests are fulfilled within two working days. However, sharebooks usually issued with the book closing date specified by the issuer, if the requests are received one day a head. 

eServices allows you to submit and track the progress of your requests online.