Central Clearing Services for Securities
For your Shuraa activity review, use code 6612013, 6619023 to identify Central Clearing Services for Securities within Dubai Mainland. Compare the supplied record with the work your company intends to undertake.
This activity name has 2 listings in Dubai Mainland. Compare each code and its supplied requirements below.
Activity code 6612013
Listed activity name: Central Clearing Services for Securities
- Activity code
- 6612013
- Jurisdiction
- Dubai Mainland
- Licence type
- Professional
- Group code
- 100284
Activity description
Includes firms licensed by the Securities & Commodities Authority for the representation of the counterparty for all trades (Novation) in the market in consideration for a specific commission while ensuring the execution of all trades concluded in the market, and determining the net rights and liabilities of the central clearing members for such trades, and determining their legal statuses arising from the trading operations.
Additional requirements
No additional requirements are supplied in this record. This does not mean that no approvals are required; check the requirements for your application.
Activity code 6619023
Listed activity name: Central Clearing Services for Securities
- Activity code
- 6619023
- Jurisdiction
- Dubai Mainland
- Licence type
- Professional
- Group code
- 671919
Activity description
Includes firms which represents the counterparty for all transactions in the market (Novation) for specific commission, while ensuring the execution of all transactions concluded in the market, and determining the net rights and obligations of members of the central clearing of such trades and monitoring their legal positions arising from trading.
Additional requirements
No additional requirements are supplied in this record. This does not mean that no approvals are required; check the requirements for your application.
Authority reference: Invest in Dubai. Confirm the latest scope and requirements with the authority.
Scope checks for your Shuraa consultation
- Write down the exact work your business will carry out and compare it with the supplied description above.
- Identify any parts of your operation that the description does not clearly address.
- Keep any approval notes with this activity code and ask which requirements apply before submitting an application.
Plan your next step with Shuraa
Bring this activity code to your Shuraa consultation to discuss the intended scope of work, jurisdiction choice and application requirements.
Discuss your licensing questionsPublished by Shuraa Business Setup. This is an independent research directory, not a licensing decision. Data sources and limitations.