Home / United Arab Emirates / Securities offences (insider trading / market manipulation)

Securities offences (insider trading / market manipulation)Possibly — unconfirmed

Possibly — unconfirmed

Reported range, not yet confirmed against official text. Do not rely on this — awaiting confirmation.

Statutory range — reported, not yet confirmed

Art. 355 — chairman, board member or employee participating, directly or indirectly, with any entity in transactions intended to cause an effect not reflecting the true value of the company's securitiesPossibly — unconfirmed

Imprisonment: Imprisonment up to 6 months
Fine: Fine AED 1,000,000–10,000,000 + return of realised profit

Imprisonment and fine, or either.

Insider trading — dealing in securities on the basis of unpublicised / undisclosed information acquired by virtue of position; furnishing untrue data/information to affect market value; spreading tendentious rumours about buying/selling shares; exploiting unpublicised price-sensitive informationPossibly — unconfirmed

Imprisonment: Imprisonment 3 months–3 years
Fine: Fine AED 100,000–1,000,000

Imprisonment and fine, or either. Transactions based on misinformation are null and void.

Source

Statute: Federal Decree-Law No. 32 of 2021, Art. 355; SCA insider-trading regime
Official source: Secondary sources (INP Legal quoting Art. 355; Gulf News / Chambers on the SCA insider regime) — official text not retrieved
Verification status
Last verified: 2026-10-19

Not legal advice. This range is the statutory penalty as written in the law — it is not “your sentence.” What is NOT accounted for here: Priors, plea, discretion, SCA administrative sanctions (trading bans, licence suspension, disgorgement). If you face a real charge, consult a licensed lawyer in the relevant jurisdiction.