UAE Capital Market Regulation Law

Article 20 — Article (20) Competences of the Central Depository

The Central Depository shall exercise the following competences: 1. To determine the fees and commissions levied by it for the services rendered thereby. 2. To register and deposit ownership of Securities and Foreign Securities, effect their transfer, register any encumbrances thereon including pledges, attachments, and other restrictions, and maintain the same in its records. 3. To retain the documents and records evidencing the ownership of Securities or Foreign Securities by the Investor, to register and maintain such ownership, review, and update it. 4. To determine the guarantees of the Central Depository member and to have recourse thereto in satisfaction of its obligations. 5. Any other competencies in accordance with this Decree by Law, the Relevant Legislation in the State, and the resolutions issued by the Authority.

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