{ "node": "ae-cm-kg", "door": "https://mcp.ae-cm-kg.ai", "market": "ae", "jurisdiction_namespace": "ae-eco-10060", "chapter": "ae.chapter.v12", "source": "Book of Markets mirror (allooloocmkgapex/book), read at request time", "kind": "book-section", "family": "AIO", "version": "ae.aio.v4", "supersedes": "ae.aio.v3", "book_path": "ae/sections/ae.aio.v4.json", "book_sha256": "sha256:d7b13a8f2df573a1005f0bbed7506ba32fb18d92467acff7f225fb5ae3d11859", "section": { "section_id": "book:ae:aio", "family": "AIO", "schema": "SM-ECO-10060 canonical text v1.0 (2026-10-30) · chapter schema v0.1 (unratified) · Appendix C", "schema_version": "0.1", "version": "ae.aio.v4", "supersedes": "ae.aio.v3", "market": "ae", "node": "ae-cm-kg", "produced_at": "2026-10-31T20:03:00Z", "observed": { "earliest_read": "2026-10-31T01:52:33Z", "latest_read": "2026-10-31T20:02:58Z" }, "fields": [ { "name": "duty_revision_ref", "value": "not_found", "read_at": "2026-10-31T02:19:18Z", "pages_checked": [ "https://uaelegislation.gov.ae/en/legislations/2672", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://www.uaecma.gov.ae/assets/5b93d7b5/the-chairman-of-the-authoritys-board-of-directors-decision-no-13chairman-of-2021-on-the.aspx", "https://www.uaecma.gov.ae/assets/72098732/the-sca-board-of-directors-chairman-decision-no-01rm-of-2023-concerning-the-regulations-as-to.aspx", "https://www.uaecma.gov.ae/assets/download/c85fbd92/11-2026%D9%8Fenglish.aspx", "https://www.sca.gov.ae/assets/341c3ad9/2-25-11-2024-en.aspx", "https://uaelegislation.gov.ae/en/legislations/2309/download", "https://beta.sca.gov.ae/en/services/services-catalogue/financial-activity-licensing.aspx" ] }, { "name": "product_scope", "value": "not_found", "read_at": "2026-10-31T18:31:35Z", "pages_checked": [ "https://uaelegislation.gov.ae/en/legislations/2672", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142" ], "conflict": { "values": [ { "object": { "instrument_class": "Fund", "rule": "Article 11(1) of the Collective Investment Law 2010" }, "source_url": "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "quote": "constitute a Fund, namely a Foreign Fund, under Article 11(1) of the Collective Investment Law 2010.", "source_date": null, "reason": "review PARTIAL: **PARTIAL**\n\nThe excerpt explicitly states that the arrangements \"constitute a Fund, namely a Foreign Fund, under Article 11(1) of the Collective Investment Law 2010,\" which aligns with the claimed va" }, { "object": { "instrument_class": "Foreign Fund", "rule": "Article 13(3) of the Collective Investment Law 2010" }, "source_url": "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "quote": "investment was neither a Domestic Fund nor an Ext ernal Fund it was , therefore, a Foreign Fund (pursuant to Article 13(3) of the Collective Investment Law 2010).", "source_date": null, "reason": "review PARTIAL: PARTIAL\n\nThe excerpt explicitly states that the investment was classified as a Foreign Fund under Article 13(3) of the Collective Investment Law 2010, but the surrounding context (e.g., disputes over " }, { "object": { "instrument_class": "Domestic Fund", "rule": "" }, "source_url": "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "quote": "investment was neither a Domestic Fund nor an Ext ernal Fund it was , therefore, a Foreign Fund (pursuant to Article 13(3) of the Collective Investment Law 2010).", "source_date": null, "reason": "review UNSUPPORTED: UNSUPPORTED. The excerpt explicitly states the investment was classified as a **Foreign Fund** under Article 13(3) of the Collective Investment Law 2010, contradicting the claimed value of \"Domestic F" }, { "object": { "instrument_class": "External Fund", "rule": "" }, "source_url": "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "quote": "investment was neither a Domestic Fund nor an Ext ernal Fund it was , therefore, a Foreign Fund (pursuant to Article 13(3) of the Collective Investment Law 2010).", "source_date": null, "reason": "review UNSUPPORTED: UNSUPPORTED. The excerpt explicitly states the investment was classified as a **Foreign Fund** under Article 13(3) of the Collective Investment Law 2010, not an \"External Fund.\"" } ], "reason": "no object verified", "selection_rule": "none — unresolved" } }, { "name": "client_categories", "value": [ { "identifier": "Ordinary Investor", "criteria": "Any natural or legal person who is not a Professional investor or counterparty.", "rule": "Section 3, Chapter Two, Article (4)", "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "read_at": "2026-10-31T20:01:36Z" }, { "identifier": "Professional investor by nature", "criteria": "International bodies and organizations whose members are states, central banks, or national monetary authorities; Capital market institutions licensed by the Authority or a similar supervisory authority; Financial institutions; A regulated financial institution, a domestic or foreign investment fund, a regulated pension fund management company, or an organized pension fund; Any body whose main activity is the investment in financial instruments, asset securitization, or financial transactions; Any company whose shares are listed or accepted to being traded in any market of an IOSCO state member; A Trustee of trust with assets of not less than AED 35 million; same family office license holder with assets of not less than AED 15 million; Joint ventures or civil establishments with net assets of not less than AED 25 million; A large undertaking person meeting at least two of: total assets not less than AED (75) million, annual net income not less than AED (150) million, cash and investments or authorized minus paid-up capital not less than AED (7) million", "rule": "Section 3, Chapter Two, Article (5) First", "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "read_at": "2026-10-31T20:01:36Z" }, { "identifier": "Professional investor (based on the service)", "criteria": "Practicing an activity involving the provision of credit facilities for commercial purposes for: an undertaking person; the controlling body of the undertaking person; any member of the group to which the undertaking person belongs; any joint investment venture that participates in the undertaking person; A person who practices the service of arranging credit facilities and investment deals related to structuring, financing and companies", "rule": "Section 3, Chapter Two, Article (5) Second", "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "read_at": "2026-10-31T20:01:36Z" } ], "read_at": "2026-10-31T20:02:45Z", "pages_checked": [ "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "https://uaelegislation.gov.ae/en/legislations/2672", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://rulebook.centralbank.ae/en/entiresection/45" ], "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "conflict": { "values": [ { "object": { "identifier": "Professional investor (based upon assessment)", "criteria": "A natural person who owns net assets - excluding the value of his main residence - of not less than AED (4) million; a natural person approved by the Authority, an employee at the licensed body or a regulated financial institution (or within past two years), or who has sufficient knowledge and experience in the field of investment and its risks in accordance with the suitability standards; joint account holder with such a person meeting stated conditions; special purpose establishment for such a person's portfolio; Undertaking person with cash and investments or authorized minus paid-up capital not less than AED (4) million and sufficient experience and understanding of the markets; Undertaking person with a controlling natural person, holding or subsidiary company, or joint venture partner", "rule": "Section 3, Chapter Two, Article (5) Third" }, "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "quote": "Third: Professional investor (based upon assessment): 1. A natural person who owns net assets - excluding the value of his main residence - of not less than AED (4) million.", "source_date": null, "reason": "review PARTIAL: PARTIAL\n\nThe excerpt includes some criteria from the claimed value (e.g., net assets of AED 4 million, Authority approval, joint account holders) but omits or misrepresents other elements (e.g., \"spec" }, { "object": { "identifier": "Counterparty", "criteria": "A body licensed by the Authority or a similar supervisory authority if it is a client of another licensed party, and it is: a Professional investor (by nature) according to Article (5/ First); or a professional investor (based upon assessment) if it is owned by a holding company that is a (professional investor by nature)", "rule": "Section 3, Chapter Two, Article (6)" }, "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "quote": "A body licensed by the Authority or a similar supervisory authority if it is a client of another licensed party, and the client is considered a counterparty if it is:", "source_date": null, "reason": "review PARTIAL: PARTIAL\n\nThe excerpt includes the core definition of \"Counterparty\" from Article (6), matching the claimed criteria for professional investors (by nature or assessment via a holding company). However," } ], "reason": "objects that did not verify (each with its reason)", "selection_rule": "none — unresolved" } }, { "name": "target_market", "value": "not_found", "read_at": "2026-10-31T02:17:58Z", "pages_checked": [ "https://uaelegislation.gov.ae/en/legislations/2672", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://www.uaecma.gov.ae/assets/5b93d7b5/the-chairman-of-the-authoritys-board-of-directors-decision-no-13chairman-of-2021-on-the.aspx", "https://www.uaecma.gov.ae/assets/72098732/the-sca-board-of-directors-chairman-decision-no-01rm-of-2023-concerning-the-regulations-as-to.aspx", "https://www.uaecma.gov.ae/assets/download/c85fbd92/11-2026%D9%8Fenglish.aspx", "https://www.sca.gov.ae/assets/341c3ad9/2-25-11-2024-en.aspx", "https://uaelegislation.gov.ae/en/legislations/2309/download", "https://beta.sca.gov.ae/en/services/services-catalogue/financial-activity-licensing.aspx" ] }, { "name": "negative_target_market", "value": "not_found", "read_at": "2026-10-31T18:31:42Z", "pages_checked": [ "https://uaelegislation.gov.ae/en/legislations/2672", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142" ] }, { "name": "distribution_conditions", "value": [ { "condition": "Client classification", "party": "licensed body", "discharged_by": "classification record for each client that includes sufficient information about those procedures and supporting documents", "rule": "Section 3, Chapter Two, Article (3)(1)", "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "read_at": "2026-10-31T20:01:36Z" }, { "condition": "Concluding an agreement with the client", "party": "licensed body", "discharged_by": "agreement with the client written in Arabic or in both Arabic and English, including at a minimum the information stipulated in Annex No. (1), signed by the legal representative of the licensed body or the authorized signatory", "rule": "Section 3, Chapter Two, Article (7)(1)", "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "read_at": "2026-10-31T20:01:36Z" }, { "condition": "Refrain from making any recommendation or execution on a complex financial product to the client in the event that it does not receive sufficient information therefrom to enable it to assess its suitability", "party": "licensed body", "discharged_by": "client is notified thereof", "rule": "Section 3, Chapter Two, Article (8) Third (2)", "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "read_at": "2026-10-31T20:01:36Z" }, { "condition": "Notify the client about the suitability or unsuitability of the investment or the complex financial product", "party": "licensed body", "discharged_by": "preserving such notice", "rule": "Section 3, Chapter Two, Article (8) Third (4)", "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "read_at": "2026-10-31T20:01:36Z" } ], "read_at": "2026-10-31T20:02:51Z", "pages_checked": [ "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/legislations/2672", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://www.charlesrussellspeechlys.com/en/insights/expert-insights/financial-services/2026/virtual-currency-regulation-united-arab-emirates/", "https://www.uaecma.gov.ae/assets/download/63e30eb2/federal-decree-law-no-32-of-2025-en-capital-market-authority.aspx", "https://www.uaecma.gov.ae/assets/5e7f1a45/13-2026e.aspx" ], "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "conflict": { "values": [ { "object": { "condition": "Meet the requirements of money laundering and terrorist financing", "party": "licensed body", "discharged_by": "", "rule": "Section 3, Chapter Two, Article (1)(1)(a); Article (2)" }, "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "quote": "Meet the requirements of money laundering and terrorist financing.", "source_date": null, "reason": "review PARTIAL: PARTIAL\n\nThe excerpt mentions the requirement to \"meet the requirements of money laundering and terrorist financing\" in **Article (1)(1)(a)** and further elaborates on this obligation in **Article (2)" }, { "object": { "condition": "Meeting the client's Suitability and Appropriateness standards", "party": "licensed body", "discharged_by": "suitability report", "rule": "Section 3, Chapter Two, Article (1)(1)(d); Article (8) Second" }, "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "quote": "The licensed body is obligated to prepare a suitability report for the client and include the following data therein", "source_date": null, "reason": "review PARTIAL: **PARTIAL**\n\nThe excerpt supports the obligation of a licensed body to prepare a suitability report (discharged_by) and aligns with the condition of meeting client suitability standards (condition). H" }, { "object": { "condition": "limit the extent to which it will consider suitability when making a recommendation (Professional Clients)", "party": "", "discharged_by": "written warning in the form of a notice; the Professional Client has given his express consent by signing that notice", "rule": "COB Rules regarding suitability" }, "source_url": "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "quote": "it gives a written warning in the form of a notice clearly stating either that it will not consider suitability, or will consider suitability only to the extent specified in the notice", "source_date": null, "reason": "unstructured: required key(s) ['party'] not stated" } ], "reason": "objects that did not verify (each with its reason)", "selection_rule": "none — unresolved" } }, { "name": "required_assessments", "value": [ { "assessment": "Suitability standards", "trigger": "makes a recommendation to the client or executes a client’s order on a complex financial product", "party": "licensed body", "discharged_by": "suitability report", "rule": "Section 3, Chapter Two, Article (8) First and Second", "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "read_at": "2026-10-31T20:01:36Z" } ], "read_at": "2026-10-31T20:02:58Z", "pages_checked": [ "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/legislations/2672", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://www.charlesrussellspeechlys.com/en/insights/expert-insights/financial-services/2026/virtual-currency-regulation-united-arab-emirates/", "https://www.uaecma.gov.ae/assets/download/63e30eb2/federal-decree-law-no-32-of-2025-en-capital-market-authority.aspx", "https://www.uaecma.gov.ae/assets/5e7f1a45/13-2026e.aspx" ], "source_url": "https://www.uaecma.gov.ae/assets/download/d296f5be/3-section-3-business-practice-2-6-2026.aspx", "source_date": "14/6/2025", "conflict": { "values": [ { "object": { "assessment": "appropriate assessment of the particular Client’s needs and objectives, financial situation and, to the extent relevant, their risk tolerance, knowledge, experience and understanding of the risks involved", "trigger": "recommend a financial product or service to a Client", "party": "", "discharged_by": "", "rule": "COB Rules regarding suitability" }, "source_url": "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "quote": "MAS must undertake an appropriate assessment of the particular Client’s needs and objectives , financial situation and, to the extent relevant, their risk tolerance, knowledge, experience and understanding of the risks involved", "source_date": null, "reason": "unstructured: required key(s) ['party'] not stated" } ], "reason": "objects that did not verify (each with its reason)", "selection_rule": "none — unresolved" } }, { "name": "product_documentation", "value": "not_found", "read_at": "2026-10-31T18:31:43Z", "pages_checked": [ "https://uaelegislation.gov.ae/en/legislations/2672", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://www.sca.gov.ae/assets/fb92cd33/10-2025-english.aspx" ], "conflict": { "values": [ { "object": { "document": "Prospectus", "party": "", "rule": "Article 50 of the Collective Investment Law 2010; CIR" }, "source_url": "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "quote": "making available to the Investors a Prospectus that complies with the requirements of the Collective Investment Law 2010 and CIR", "source_date": null, "reason": "unstructured: required key(s) ['party'] not stated" } ], "reason": "no object verified", "selection_rule": "none — unresolved" } }, { "name": "manufacturer_distributor_roles", "value": "not_found", "read_at": "2026-10-31T18:31:43Z", "pages_checked": [ "https://uaelegislation.gov.ae/en/legislations/2672", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://www.sca.gov.ae/assets/fb92cd33/10-2025-english.aspx" ], "conflict": { "values": [ { "object": { "actor": "Fund Manager", "role": "offer Units of a Fund", "rule": "Article 50 of the Collective Investment Law 2010" }, "source_url": "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "quote": "for MAS either to be a Fund Manager or authorised under the terms of its License to offer Units of a Fund", "source_date": null, "reason": "review PARTIAL: PARTIAL\n\nThe excerpt confirms that offering Units of a Fund requires the actor to be either a **Fund Manager** or **authorized under its License** (matching the \"rule\" and \"role\" in the claimed value)" } ], "reason": "no object verified", "selection_rule": "none — unresolved" } }, { "name": "review_triggers", "value": "not_found", "read_at": "2026-10-31T18:31:44Z", "pages_checked": [ "https://uaelegislation.gov.ae/en/legislations/2672", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://www.sca.gov.ae/assets/fb92cd33/10-2025-english.aspx" ] }, { "name": "evidence_requirements", "value": "not_found", "read_at": "2026-10-31T01:52:33Z", "pages_checked": [ "https://www.sca.gov.ae/assets/fb92cd33/10-2025-english.aspx", "https://uaelegislation.gov.ae/en/legislations/2672", "https://beta.sca.gov.ae/en/regulations/regulations-listing/amendments.aspx?id=142", "https://www.dfsa.ae/application/files/2915/8554/6898/MASClearsightLimited_4.pdf", "https://uaelegislation.gov.ae/en/search", "https://beta.sca.gov.ae/en/regulations/regulations-listing.aspx?id=156", "https://u.ae/en/information-and-services/finance-and-investment/Finance/financial-markets", "https://u.ae/en/information-and-services/finance-and-investment/Services-and-resources/finance-docs", "https://uaelegislation.gov.ae/en/legislations/2309/download", "https://uaelegislation.gov.ae/en/legislations/1623" ], "conflict": { "values": [ { "value": [ { "requirement": "suitability assessment before recommending a financial product or service to a Client", "elements": "the particular Client's needs and objectives, financial situation and, to the extent relevant, their risk tolerance, 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