The Securities and Commodities Authority (SCA) has entered a new phase of smart regulatory oversight with an extensive workshop introducing licensed companies to its updated risk-assessment methodology.
The new approach, designed in accordance with international best practices and supervisory standards, aims to strengthen the SCA’s regulatory framework and ensure greater transparency in the UAE’s financial markets.
The workshop saw strong engagement, with over 587 representatives from more than 215 companies in attendance. This turnout underscores the sector’s dedication to staying abreast of regulatory advancements and upholding the highest standards of transparency and accountability.
SCA representatives delivered a thorough presentation on the enhanced annual risk-assessment methodology, which will serve as a central framework informing supervisory and oversight efforts in the period ahead.
The updated methodology prioritizes key risk areas critical to market stability, such as money laundering and terrorism financing risks, financial solvency, market conduct, investor protection, and operational governance. It also addresses emerging threats like cybersecurity and technology-related risks, ensuring a comprehensive approach to safeguarding the integrity of the UAE’s financial markets.
SCA Introduces New Digital System for Streamlined Corporate Reporting
During the session, SCA officials introduced a new electronic system for receiving corporate responses and explained how to complete digital forms and submit data securely and seamlessly. They emphasized that this digital transition goes well beyond data standardization and improved reporting. It supports regulated entities in meeting compliance obligations, promotes supervisory efficiency, and enhances the SCA’s ability to anticipate risks and act proactively.
The new methodology eases the administrative burden on companies by minimizing redundant reporting requirements and streamlining data collection, which highlights the value it delivers and its positive impact on supervisory effectiveness and the business environment.
Waleed Saeed Al Awadhi CEO – SCA
“This day marks a turning point in the evolution of the UAE’s financial sector. The launch of the updated risk-assessment methodology is more than an enhanced supervisory approach; it is a comprehensive strategy to build a sustainable and resilient financial sector capable of navigating emerging challenges. It helps strengthen risk-based oversight, foster compliance, and reinforce investor confidence in the UAE’s markets, ultimately enhancing the competitiveness and attractiveness of the national economy.”
The SCA noted that the strong engagement of licensed companies throughout the workshop demonstrates a genuine commitment to modern regulatory practices and to fostering a solid risk-management culture. It also underscored the importance of sustained communication and collaboration with the sector to ensure smooth and effective implementation, support sustainable growth, and enhance market resilience and ability to address future challenges with confidence.
