Federal Decree-Law No. 33/2025 On the Regulation of Capital Markets

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

After perusal of the Constitution;

Federal Law No. 1/1972 on the Competencies of Ministries and Powers of Ministers, and its amendments;

Federal Law No. 4/2000 on the UAE Securities and Commodities Authority and Market, and its amendments;

Federal Law No. 8/2004 on the Financial Free Zones;

Federal Decree-Law No. 22/2020 on 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 on the Capital Markets Authority;

Based on the proposal of the Chairman of the Board of Directors of the Capital Markets Authority, and the approval of the Cabinet,

Have issued the following Decree-Law:

Article 1 - Definitions

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

State: The United Arab Emirates.

Local Governments: Local governments of the Emirates in the State.