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01 january 2014
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Rate Service

Transfer from Founder to Founder

Service ID
4.5.13

Details
Transfer of securities from a founder account to another founder account. 


Fees
0.004 (four per thousand) from the shares market value، minimum AED 50 (No. of shares*market value*rate)

Procedures

You can submit your request at the DFM Client Services Affairs Desk, in person:

  1. CompleteTransfer of Securities Form and Investor Signature Form
  2. Submit the form along with the required documents to the DFM Client Services Affairs Department
  3. DFM 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 payment method is updated for both the Transferor & Transferee
  • 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:
  • DFM staff at DFM Client Services Affairs Desk
  • Licensed Brokerage Firm at Dubai Financial Market
  • An accredited Bank in UAE licensed by UAE Central Bank
  • 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 duly signed
  • Valid copy of Passport / Emirates National ID of the Transferee & Transferor
  • True copy of Family Book for (for UAE Nationals & Residents)
  • 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 the Founder is a Marsoom Holder:

  • Valid copy of the Marsoom issued from Federal Authority for Identify and Citizenship addressed to Dubai Financial Market or To Whom It May Concern

In case the Founder is a company:

  • Valid copy of Trade License, Commercial Registration & Memorandum of Association

In case of representative:

  • Valid copy of a duly authenticated Power of Attorney issued from the court or Notary Public. The representative must be fully authorized to transfer securities
  • 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?
In person at the DFM Client Services Affairs Department, Trading Floor, World Trade Centre, Dubai