UAE’s financial influences should get a license to operate digital and social media platforms, says the authority of Security and commodities (SCAs).
As part of the strategic efforts to regulate Digital financial markets and the SCA calls all the digital influences and obtaining official authorized “Finflyer” condition.
This call requires full compliance with regulatory standards to ensure content transparency and protects the rights of market participants.
UAE FINFLIESER License
Waleed Saeed Al Awadhi, CEO of SCA, said: “In the present development of digital financial ecosystems, the finfulions of the most important role in shaping investment decisions.
“The official consent through SCA promotes their commitment to professional standards and strengthened public trust in the integrity of the financial content.”
SCA offers qualified people in opportunity to apply for Authorized Finflyer StatuserThey are allowed to share investment analysis and offer recommendations related to financial instruments or entities through digital or traditional media, as long as they remain in sca standards.
To encourage obedience, SCA provides a three-year-off registration and renewal fee, with access to advistatory services.
In paramount, the SCA urges the public to prove the finflyer’s permission status before participating in their content or movement of their recommendations.
The SCA also encourages reporting to report any unauthorized activities through the official website or call center, which interactions with unauthorized financial risks of investors.
SCA also repeated that public awareness and active engagement is the first line of defense against unreliable or irregular financial content.
To apply to be an authorized finflyer identified by SCA in UAE, or reporting uncomplicated acts, sca advises its contact by website or call toll-free number 800 722823.
The initiative undergoes a wider strategic view of SCA that can inspire a transparent and reliable investment environment that has adopted financial functions to adopt the best class regulatory behavior in the digital market.
