Home UAE Abu Dhabi ADX implements insider trading ban ahead of Q3 financial disclosures ADX stated that the decision has been taken in accordance with Article No (14) of the Securities and Commodities Authority (SCA) Board of Directors’ Decision No (2/R) of 2001 by Gulf Business September 16, 2024 Image: WAM/ ADX The insider trading prohibition period mandated by the Abu Dhabi Securities Exchange (ADX) commenced on September 16, pending the full disclosure of Q3 2024 financial statements. ADX stated that the decision has been taken in line with Article No (14) of the Securities and Commodities Authority (SCA) Board of Directors’ Decision No (2/R) of 2001 concerning the regulations as to trading, clearing, settlement, transfer of ownership and custody of securities. The resolution shall be circulated to SCA, all listed companies, all departments at the exchange, all brokers accredited by the exchange, and all ADX investors. Under Article 14, chairpersons, board members and employees with insider information cannot trade in their company’s or its affiliates’ securities for 15 days before and until the financial statements are disclosed. In other news, the exchange bolstered its position as the most active and liquid market for exchange-traded funds (ETFs) in the Middle East and North Africa (MENA) region, recording significant trading value and volume since the beginning of 2024. ETF trading on the exchange reached a total value of Dhs1.863bn during the first eight months of 2024. Tags ADX insider trading ban SCA Securities trading You might also like ADX sees ETF trading net Dhs1.86bn from Jan to Aug Watch and learn: Tips traders can pick up from popular sports Burjeel Holdings’ H1 net profit rises 5.9% to Dhs238m Arab exchanges’ market cap crosses $4.17tn in H1, reveals AMF report