WORKSHOPS

- Register and complete the payment through the official training website.

- Upon successful registration, an invitation email—including the access link, workshop resources, and Pre- & Post-Assessment links—will be sent one day before the workshop.

The effectiveness of any capital market regulatory framework ultimately depends

on the ability of the regulator to detect violations, investigate misconduct, impose

appropriate sanctions, and, where necessary, initiate criminal proceedings against

offenders.

Recent developments in the UAE capital markets legal framework have significantly

strengthened the enforcement architecture through the enactment of Federal

Decree-Law No. 32 of 2025 concerning the Capital Markets Authority and Federal

Decree-Law No. 33 of 2025 concerning the Regulation of the Capital Market.

The new legislative framework introduces expanded supervisory powers, enhanced

inspection and investigation authorities, broader administrative sanctions, whistleblower

protection mechanisms, cross-border cooperation arrangements, market

abuse provisions, recovery and resolution powers, and stronger coordination with

judicial authorities and public prosecutors.

These reforms align the UAE framework with internationally recognized standards developed

by IOSCO, the Financial Stability Board (FSB), FATF, CPMI-IOSCO, and leading

regulatory jurisdictions including the United Kingdom, Singapore, Hong Kong,

France, the European Union and the United States. This programme provides participants

with a comprehensive understanding of the legal, regulatory and practical

aspects of enforcement in capital markets. It examines the full enforcement lifecycle,

beginning with supervision and detection of violations, continuing through

investigations and administrative proceedings, and culminating in criminal prosecution

and judicial enforcement.

Special attention is given to the relationship between administrative sanctions and

criminal proceedings, enforcement of market abuse offences, insider trading, market

manipulation, disclosure violations, whistleblower protections, settlement mechanisms,

and enforcement during periods of financial distress.

Through comparative analysis, practical exercises and case studies, participants will

develop a deeper understanding of enforcement tools available to regulators and

will gain practical insights into enforcement strategies adopted by leading securities

regulators worldwide.

By the end of the programme participants will be able to:

• Understand the enforcement framework established under the new UAE capital market

legislation.

• Distinguish between supervisory measures, administrative sanctions and criminal prosecution.

• Conduct legal analysis of enforcement cases involving market misconduct.

• Understand inspection and investigation procedures.

• Identify violations relating to insider trading, market manipulation and disclosure

obligations.

• Apply principles governing administrative sanctions and criminal penalties.

• Understand cooperation mechanisms between regulators, prosecutors and courts.

• Assess enforcement challenges involving cross-border activities.

• Evaluate enforcement actions involving systemically important institutions.

• Compare UAE enforcement practices with international standards and leading

regulatory models.

This training programme is specifically tailored to authorized persons in the UAE financial

markets as well as representatives of capital markets regulatory authorities

in the MENA region.

It addresses the practical and legal aspects of financial market enforcement, with

a focus on the tools, processes, and challenges related to administrative sanctions

and criminal prosecutions.

By bringing together regulatory professionals from various Arab jurisdictions, the programme

provides a unique platform to share experiences, align practices with international

standards, and strengthen regional cooperation in capital market enforcement.

Target Participants

• Capital Markets Authority personnel.

• Staff of securities exchanges and market infrastructure institutions.

• Authorized Persons and Licensed Persons.

• Compliance Officers.

• Legal Counsel and Regulatory Affairs Professionals.

• Internal Auditors.

• Risk Management Professionals.

• Investigation and Enforcement Officers.

• Public Prosecutors.

• Judicial Officers.

• Financial Crime Specialists.

• Representatives of Capital Markets Authorities in the GCC and MENA region.

• Policymakers and Supervisory Authorities.

Certificate of participation issued by UASA & CMA.

15:00 - 16:20 Session 1

16:20 - 16:30 Break

16:30 - 17:50 Session 2

17:50 - 18:00 Break

18:00 - 19:00 Session 3

DAY ONE

ENFORCEMENT FRAMEWORK, REGULATORY POWERS AND INVESTIGATIONS

Opening Session

• Welcome and programme objectives.

• Overview of Federal Decree-Law No. 32 of 2025 concerning the Capital Markets

Authority.

• Overview of Federal Decree-Law No. 33 of 2025 concerning the Regulation of

the Capital Market.

• Key enforcement developments introduced by the new framework.

• Impact on regulated entities and market participants.

Session 1: Foundations of Capital Markets Enforcement

• Objectives of enforcement.

• Investor protection and market integrity.

• Deterrence and market confidence.

• Administrative enforcement versus criminal prosecution.

• IOSCO enforcement principles.

• International enforcement trends.

Session 2: Legal and Regulatory Sources of Enforcement Powers

• Capital Markets Authority powers.

• Administrative investigations.

• Inspection powers.

• Supervisory measures.

• Administrative sanctions.

• Criminal offences.

• Due process and procedural fairness.

• Specific regulatory authorities in financial free zones (DIFC, ADGM and

QFC).

• Comparative references to FCA, SEC, AMF, MAS and SFC.

Session 3: Regulatory Investigations

• Initiation of investigations.

• Information gathering.

• Gathering documentary evidence.

• Electronic and digital evidence.

• Interviews and witness statements.

• Confidentiality obligations.

• Investigation reports and recommendations.

18:05 – 18:30 Session 4: Evidence in Enforcement Proceedings

• Documentary evidence.

• Electronic evidence.

• Digital communications and records.

• Expert evidence.

• Chain of custody.

• Administrative versus criminal standards of proof.

• Admissibility of evidence.

• Evidentiary challenges in capital market cases.

Enforcement Case Study Workshop – Day One

Topic: Regulatory Investigations and Unauthorized Financial Activities

• Group discussion.

• Legal analysis.

• Identification of violations.

• Evidence assessment.

• Recommended enforcement actions.

DAY TWO

MARKET ABUSE, DISCLOSURE VIOLATIONS AND ADMINISTRATIVE SANCTIONS

Recap of Day One

Session 5: Market Abuse Framework

• Market abuse concepts.

• Insider trading.

• Market manipulation.

• Misuse of confidential information.

• Dissemination of false or misleading information.

• International market abuse standards.

• Recent enforcement trends.

Session 6: Disclosure Violations and Enforcement

• Continuous disclosure obligations.

• Material information.

• Director dealings.

• Related-party transactions.

• False disclosures.

• Enforcement consequences.

• Liability of issuers and directors.

Questions and Discussion

Session 7: Administrative Sanctions

• Warnings and reprimands.

• Administrative fines.

• Suspension of activities.

• Suspension of directors and executives.

• Licence restrictions.

• Licence revocation.

• Publication of sanctions.

• Corrective and remedial measures.

Session 8: Determining Appropriate Sanctions

• Aggravating factors.

• Mitigating factors.

• Repeat violations.

• Cooperation with regulators.

• Voluntary disclosures.

• Whistleblower reports.

• Comparative sanctioning approaches.

• Enforcement discretion.

Enforcement Case Study Workshop – Day Two

Topic: Insider Trading, Market Manipulation and Disclosure Breaches

• Group discussion.

• Legal analysis.

• Assessment of evidence.

• Administrative sanctions.

• Enforcement strategy.

DAY THREE

CRIMINAL PROSECUTION, SETTLEMENTS AND SYSTEMIC ENFORCEMENT

Recap of Day Two

• Review of key issues discussed during Day Two.

• Questions and discussion.

Session 9: Criminal Offences under the Capital Market Law

• Unlicensed financial activities.

• Fraudulent disclosures.

• Dissemination of false or misleading information.

• Market manipulation offences.

• Insider trading offences.

• Obstruction of investigations.

• Failure to comply with regulatory orders and directions.

• Liability of accomplices and participants.

• Liability of legal persons and senior management.

• Administrative sanctions versus criminal penalties.

Session 10: Coordination with Public Prosecution, Courts and Foreign Regulators

Coordination with Public Prosecution and Judicial Authorities

• Referral of cases to the Public Prosecution.

• Criminal investigations.

• Cooperation between the Capital Markets Authority and law enforcement

agencies.

• Coordination with judicial authorities.

• Evidentiary standards in capital market cases.

• Expert witnesses and technical reports.

• Judicial enforcement officers.

• Criminal proceedings before the courts.

• Publication of judgments and enforcement outcomes.

International Cooperation and Cross-Border Enforcement

• Cooperation with foreign securities regulators.

• Exchange of information and regulatory assistance.

• IOSCO Multilateral Memorandum of Understanding (MMoU).

• IOSCO Enhanced Multilateral Memorandum of Understanding (EMMoU).

• Cooperation with Financial Free Zone regulators.

• Cross-border investigations.

• Requests for assistance and information gathering.

• Cooperation in cases involving foreign issuers and foreign intermediaries.

• Enforcement challenges involving cross-border market abuse.

• International best practices in regulatory cooperation.

Session 11: Settlement Mechanisms and Alternative Resolution

• Administrative settlements.

• Criminal settlements.

• Voluntary disclosures.

• Leniency mechanisms.

• Cooperation credit.

• Remedial actions.

• Comparative international practices.

• Settlement trends among leading securities regulators.

• Benefits and challenges of settlement mechanisms.

Session 12: Systemically Important Institutions and Enforcement in Crisis Situations

• Systemically important institutions.

• Prudential supervision and enhanced regulatory oversight.

• Recovery plans.

• Early intervention powers.

• Temporary management.

• Resolution and settlement powers.

• Protection of client assets and investor interests.

• Enforcement challenges during financial distress.

• Coordination between regulators during crisis situations.

• Virtual assets and digital market enforcement challenges.

• Lessons learned from international financial crises.

• Emerging enforcement risks and future regulatory priorities.

Enforcement Case Study Workshop – Day Three

Topic: Criminal Prosecution, Settlement and Crisis Enforcement

• Group discussion.

• Legal analysis.

• Assessment of evidence.

• Identification of criminal offences.

• Coordination with prosecutors and foreign regulators.

• Evaluation of settlement options.

• Crisis-management considerations.

• Enforcement strategy.

Closing Discussion

• Key lessons from the UAE capital markets reforms.

• Future trends in capital market enforcement.

• Questions and answers.

• Programme conclusion and closing remarks