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Transferring Securities (between Dubai CSD to Trading member)

Service ID
5.3.3

Details
This service enables the transfer of shares from an investor’s account with Dubai CSD to their account with the Trading Member. The Trading Member alone is responsible for receiving transactions from their clients, ensuring they confirm to the actual securities and entering them accurately into the system.

Dubai CSD is only responsible for scrutinizing the application. If there are inaccuracies or omitted data, the Trading Member is held responsible.

Fees
Free of charge

Procedures
  1. You can submit your request to your trading member:

    1. Complete the Transfer Securities between Dubai CSD and Trading Member Request Form to be signed by the investor
    2. Submit the form along with the required documents to your respective Trading Member
    3. Trading Member will process the transfer accordingly and send the request to Dubai CSD for approval
    4. Dubai CSD will obtain the transfer approval

    Note:

    The signature on the form should match the authenticated signature in Dubai CSD

Required Documents
  • Completed Transfer Securities between Dubai CSD and Trading Member Request Form and signed by the investor
  • For Individuals:
  • Valid Copy of the Passport
  • Valid Copy of the Emirates National ID (for UAE Nationals and Residents only)
  • Any document issued from other countries must be authenticated by the official authorities and the UAE Embassy in those countries or by the UAE Ministry of Foreign Affairs

     

    In addition to specific documentations depending on:

    In case of a Minor (below 21 years):

  • The signature of the Guardian (father)
  • Valid copy of the guardian’s Passport or Emirates National ID
  • In case of a guardian other than the father: true copy of duly authenticated guardianship order issued by the court or Notary public

     

    For Companies Institutions/Governments/Banks /Funds/ Trading Members registered at DFM:

  • Valid copy of the Trade License and Commercial Register
  • True copy of the Memorandum of Association
  • True copy of a duly authenticated Authorized signatory letter issued by the company. The letter is not required in case the authorized signatory is mentioned in the Memorandum of Association
  • Valid copy of the Passport or Emirates National ID of the authorized signatory
  • Valid copy of the Passport or Emirates National ID of all partners
  • Bank Statement or Certified Bank Letter Mentioning clearly the IBAN for the investor who owns the shares
  • Any document issued from other countries must be authenticated by the official authorities and the UAE embassy in those countries or the UAE Ministry of Foreign Affairs.

     

    In addition to specific documentations depending on:

    In case of an authorized signatory:

  • True copy of a duly authenticated Authorized signatory letter issued by the company
  • Valid Copy of Passport and Emirates National ID of the authorized signatory

     

    In case of a Representative (for all investor types):

  • Valid copy of a duly authenticated Power of Attorney issued from the court or Notary Public
  • Valid copy of the representative’s Passport or Emirates National ID
  • A Power of Attorney issued from other countries must be authenticated by the official authorities and the UAE Embassy in those countries or by UAE Ministry of Foreign Affairs


How to Apply?
Submit your requests through your Trading Member

FAQs

You can find all Dubai CSD related forms here.