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Trading Member Merger

Service ID
5.3.10

Details
Request of a Trading Member to merge with Trading Member.

Fees
AED 100,000 from one party

Procedures
  1. Trading member sends a request to SCA for approval  
  2. Trading member sends SCA's approval to Dubai CSD
  3. Trading member submits approved letter to Dubai CSD along with: 
    • List of investor's names 
    • Undertaking letter 
    • Official letter to return the original bank guarantee 
  4. Dubai CSD receives and reviews submitted documents 
  5. Dubai CSD approves and processes merging request 
  6. Dubai CSD returns original bank guarantee to cancelled Trading member
  7. Trading member 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 / Amended bank guarantee for new trading member after the merge

How to Apply?
Submit a request through eServices.