The UAE Securities & Commodities Authority (SCA) has referred several board members of an unlisted public joint-stock company to the Public Prosecution after an inspection found breaches of Federal Decree-Law No 32 of 2021. The SCA linked the action to violations of governance and disclosure requirements and warned that such breaches may lead to prosecution.
UAE Securities & Commodities Authority 2025-06-24
UAE Securities & Commodities Authority refers unlisted public joint-stock company board members to the Public Prosecution for governance breaches
The UAE Securities & Commodities Authority has referred several board members of an unlisted public joint-stock company to the Public Prosecution for breaches of Federal Decree-Law No 32 of 2021. The violations pertain to governance and disclosure requirements, with the SCA warning of potential prosecution for such breaches.