CMA approval now required for change of control in financial firms
In 2026 the onshore legislator followed to establish a similar regime requiring notification or clearance for change of control in onshore licensed persons.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Financial firms licensed by the CMA must obtain prior approval before acquiring or increasing control above the 10%, 30%, and 50% thresholds. Branches of foreign companies must notify the CMA of similar changes.
The UAE's Capital Market Authority (CMA) has introduced a new change-of-control regime for onshore licensed financial services firms. Prior approval is required when a person proposes to become a controller (acquiring 10% or more of a licensed person) or, if already a controller, increases their stake beyond 30% or 50%. For branches of foreign companies, notification is required instead of approval. The CMA must assess a complete application within 90 days. Licensed persons must maintain systems to monitor controller changes and report relevant events. Breaches may result in license revocation or disposal of holdings.
Source
Reported by: Mondaq 5 Oct 2026 Read the original ↗ More from Mondaq →
Quick answers
What do I need to do?
Financial firms licensed by the CMA must obtain prior approval before acquiring or increasing control above the 10%, 30%, and 50% thresholds. Branches of foreign companies must notify the CMA of similar changes.
Who reported this?
Mondaq (UAE).
When was it announced?
5 Oct 2026.
Where can I read the original?
Read the original at Mondaq: https://www.mondaq.com/financial-services/1850574/uae-change-of-control-rules-for-regulated-financial-businesses
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