VOL. XLII

No. 04

25-January-1999

UAE

UAEs Draft Stock Market Law Provides For Regulatory Body

According to Trowers & Hamlins Gulf Business LawReview for January, one of the most welcome aspects of the draft law forthe new UAE stock market will be the provision of an independent regulatoryauthority. However, the regulatory authorities power to recommend particularinvestments, also detailed within the draft law, should be viewed with caution,according to the article.

Trowers & Hamlins said...