Abu Dhabi: The Board of Directors of the UAE Capital Market Authority has approved the abolition of 15 fees following a comprehensive review of the authority's fee framework.The decision is aimed at simplifying the fee structure, reducing costs and improving the efficiency of services provided to licensed companies and individuals operating in the UAE's capital markets.The review covered a range of fees associated with services and activities under the authority's supervision. Each fee was assessed against current regulatory requirements, market developments and the authority's service model.As a result, 15 fees were abolished after being deemed no longer necessary under the approved framework.The authority said the decision reflects its commitment to regularly reviewing the regulations, procedures and fee structures governing the capital markets to ensure they remain fit for purpose.It added that the move supports a balanced approach that responds to the needs of market participants while maintaining effective regulatory oversight and enhancing transparency around fees linked to services under its supervision.Waleed Saeed Al Awadhi, Chief Executive Officer of the Capital Market Authority, said: "The authority remains committed to continuously reviewing and developing its fee framework to ensure it evolves alongside the capital markets and responds to the needs of licensed companies and individuals.""This review forms part of our ongoing efforts to enhance the efficiency of regulatory services and reduce the burden on market participants, contributing to more resilient capital markets, a more effective business environment, and higher-quality services."The authority confirmed that the abolished fees relate to a variety of services and activities under its supervision and form part of the wider review of its approved fee framework.It encouraged licensed companies and individuals to review the Board Resolution published on its website for details of the services covered by the fee abolition and the implementation mechanism.
