In line with the directives of H.E. Eng. Sultan bin Saeed Al Mansoori, Minister of Economy and Board Chairman of the Securities and Commodities Authority (SCA), and as part of initiatives aimed to set in motion a plan to have the UAE markets reclassified to developed markets status, a delegation led by Dr. Obaid Al Zaabi, Acting CEO of SCA, held intensive discussions with officials from Nasdaq, the Securities and Exchange Commission (SEC), the US Commodity Futures Trading Commission (CFTC), and the Financial Industry Regulatory Authority (FINRA).
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