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

Family Transfers

Service ID
4.5.11

Details
Transferring securities from an investor account to another account, is exercised in the case of a family relationship up to the second degree. 

Fees

0.002 (two per thousand) from the shares market value, minimum AED 25. (No. of shares*market value*rate)


Procedures
  1. Complete Transfer of Securities Form and Investor Signature Form
  2. Attach the required documents along with the Form
  3. Client Services Affairs Department will issue a voucher with the fees required to be paid by the investor
  4. An SMS will be sent to the Transferor & Transferee after the transfer is approved

Notes :

  • Ensure that the Investor Number in DFM for both the Transferor & Transferee are updated
  • Ensure that the transferred shares are available in the CSD account of the Transferor
  • Investor’s specimen signature affixed on either the Investor Number Request Form must be certified by one of the following :
    1. DFM staff at DFM Client Services Affairs Desk
    2. Licensed Brokerage Firm at Dubai Financial Market
    3. An accredited Bank in UAE licensed by UAE Central Bank
    4. Notary Public and UAE embassy in foreign countries or by the UAE Ministry of Foreign Affairs

Required Documents
  • Completed Transfer of Securities Form and Investor Signature Form
  • Valid copy of Passport /National ID of the Transferee & Transferor
  • Valid Copy of Family Book or Marasoom for (for UAE Nationals & Residents)
  • True copy of any other document if required(e.g. Birth certificate, Marriage Certificate)
  • In case of guardian (other than father): true copy of guardianship order issued by the court
  • In case of representative: true copy of a duly authenticated and valid Power of Attorney that contains a clear clause relating to ‘waiver in shares for itself or transfer of ownership pf shares to itself and to others.
  • Any document issued from other countries must be authenticated by the official authorities and the UAE Embassy in those countries


How to Apply?
Register to DFM eServices on DFM Website and submit the request

FAQs

Transferring shares between accounts of two different investors are permitted only if there is a 2nd degree kinship between the transferor and transferee.

Special Deals off the market are also permitted provided the value of shares of the deal is AED10,000,000 million and above.