Historically, NASDAQ Dubai Listing Rules and NASDAQ Dubai Business Rules formed the legal basis for listing and trading in securities on the Exchange.  They set out listing eligibility criteria, prospectus requirements, prescribed membership requirements and application processes, generally governed trading activities, amongst other things.

Since then, the legal regime of NASDAQ Dubai has undergone  amendment as a result of the  official list of securities of NASDAQ Dubai (“List”) having ceased to fall under the Exchange's control, and now its maintenance and supervision becoming the responsibility of the Dubai Financial Services Authority (“DFSA”).

Under the existing regime, a two-stage admission process applies to issuers who want to have their securities admitted to trading on the Exchange, i.e. admission to the List by the DFSA and admission to trading by the Exchange.

Admission Requirements

For securities to be eligible for Admission by NASDAQ Dubai, an issuer must:

(a) comply with all applicable requirements of the DFSA (including prospectus requirements, where applicable);