The UAE Securities & Commodities Authority (SCA) published a draft regulation for robo-advisor services and invited public feedback as part of its wider digital transformation programme. The draft defines robo-advisor services as automated investment services that use algorithms to provide investment recommendations and manage portfolios. It also sets requirements for algorithm design and human oversight aimed at ensuring investor protection. Comments are due by 14 February 2025 via the SCA’s website.
UAE Securities & Commodities Authority 2025-01-23
UAE Securities & Commodities Authority launches consultation on draft regulation for robo-advisor services
The UAE Securities & Commodities Authority released a draft regulation for robo-advisor services, seeking public feedback as part of its digital transformation initiative. The draft outlines requirements for algorithm design and human oversight to ensure investor protection.