DFSA to cut fees for ESG listings

The Dubai Financial Services Authority (DFSA) has announced it will waive regulatory fees for any sustainability-related securities listed in the Dubai International Financial Centre (DIFC) for all of 2024.

The move, which comes during the UAE’s hosting of the COP28 climate conference, is another example of the country’s ambitions to develop itself as a hub for sustainable finance.

Nasdaq Dubai, which serves as the DIFC’s exchange, claims to be the world’s largest ESG sukuk market with 60% of US-denominated ESG sukuk.

“We are confident that, alongside our streamlined regulatory process, the fee waiver will catalyse the acceleration of sustainable debt issuances from the DIFC,” said Ian Johnston, chief executive of the DFSA.

Meanwhile, the Dubai Financial Market’s carbon credits trading pilot has gone live with institutional investors able to buy and sell carbon credits until December 11.

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