Federal Decree-Law No. 33/2025 Concerning the Regulation of the Capital Market (beta)

We, Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates,

After reviewing the Constitution;

Federal Law No. 1/1972 concerning the competencies of the Ministries and the powers of Ministers, as amended;

Federal Law No. 4/2000 concerning the Emirates Securities and Commodities Authority and Market, as amended;

Federal Law No. 8/2004 concerning Financial Free Zones;

Federal Decree-Law No. 22/2020 concerning the distribution of competencies and powers between the Securities and Commodities Authority and the securities and commodities markets licensed in the State;

Federal Decree-Law No. 32/2025 concerning the Capital Market Authority;

And based on what was presented by the Chairman of the Board of Directors of the Capital Market Authority, and the approval of the Cabinet,

Do hereby promulgate the following decree-law:

Article 1 - Definitions

In the application of the provisions of this Decree-Law, the following words and expressions shall have the meanings assigned to each of them, unless the context otherwise requires:

State: The United Arab Emirates.

Local Governments: The local governments of the Emirates within the State.