Dubai Clear has developed its rules, processes, and procedures in accordance with international best practices and PFMI standards.
The PFMI is issued by the Committee on Payment and Settlement Systems (CPSS) and the International Organisation of Securities Commissions (IOSCO) which are global standard-setters for the securities and futures market and for payment, clearing and settlement. The PFMI comprises 24 principles, Dubai Clear follows the PFMI on global best practices for risk management. The disclosures below detail the legal basis for Dubai Clear’s establishment and the policies and procedures under which the company operates.