• AMCUAEFund performance for the month of October 2018
  • ASNICBOD meeting
10:00
01 january 2014
Market Watch
Contact Information:
Customer Service
+971 4 305 5555
customerservice@dfm.ae

Note: All DFM current fees will be subject to VAT, effective 1st January 2018. The fee will be added to invoices as per the UAE Federal Law No.8 of 2017.

 

Home > Products > Services Catalogue > Services Details

Annual Custody Fees

Service ID
3.2.1

Details
Annual fees are imposed on banks or financial institutions whom are licensed by SCA and are registered to act as custodians on behalf of their clients in DFM as per a custody agreement signed by both parties.

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

Fees
Average portfolio value for the previous year * 0.0025%
The minimum fees are AED 80,000

Procedures
  • An official letter is sent by DFM to the custodian to confirm the custodians average portfolio value for the previous year, and fees calculation together with an invoice. Also, DFM provides the custodian with the breakdown report based on symbol.
  • Fees are to be received from the custodian within 2 weeks period.
  • A receipt voucher is issued and provided to the custodian.

Required Documents
None

How to Apply?
Through email to registry@dfm.ae

FAQs

Is it necessary to submit to DFM the annual custody renewal license issued by the SCA?
Yes absolutely, custodians need to ensure that a copy of the renewed custody license once obtained from the SCA, is submitted to the DFM in order to ensure the continuity of services.