SCA UAE Exam Mastery

Founding Law

Law 4/2000

Max Fine

AED 100k

administrative

HQ

Abu Dhabi

Licence Categories

5

Lowest-Capital Cat.

Cat 5

Advice / Arranging

Private Fund Min

AED 180k

Foreign Private

AED 500k

REIT Distribution

80%

NAV Error

0.5%

Illiquid Cap

10%

open-ended

SCA Approval

5 days

working days

1st Cat Capital

AED 20m

2nd Cat Capital

AED 10m

Buy-Back

10%

Free Float

30%

Demotion Losses

50%

Demotion Susp.

6 Months

Wire Transfer

AED 3,500

Records

5 Years

Law

20 of 2018

HNW Net Worth

AED 4m

HNW Income

AED 1m

Retail Stmt

6 Months

Leveraged Stmt

1 Month

Past Performance

5 Years

Pooled HNW

AED 100m

Settlement

T+2

Pledge Cap

50%

Gold Lot

1 kg

Sell-Out

T+1

Error Window

30 Min

DFM Established

2000

Shariah Since

2007

Sell-Out

T+1