PU Prime Obtains Regulatory License in UAE
What happened
Global brokerage group PU Prime announced that its Dubai-based entity has been granted a license by the UAE's Capital Market Authority (CMA). The license permits the company to conduct regulated promotion and introduction activities within the country, expanding its global regulatory footprint.
Why it matters
- The license is a Category Five from the UAE's Capital Market Authority (CMA), permitting "Introduction and Promotion" activities. This allows PU Prime to establish a regulated presence and market its services, but not to hold client funds or execute trades locally within the UAE. - UAE-based clients will be onboarded through PU Prime's offshore regulated entities. This is a common strategy for global brokers entering the region, with others like XM, Pepperstone, and Eightcap also holding this license category due to lower capital requirements. - The entity is named PU Prime Financial Services LLC and is headed by Ali Afzaal, the Regional Head for MENA & South Asia, who joined the company from GTCFX. - This move is part of a larger trend of brokers seeking regulation in the UAE, which is positioning itself as a major financial hub. The regulator itself recently rebranded from the Securities and Commodities Authority (SCA) to the CMA, signaling a broader modernization of the country's financial framework. - Under its various licenses, PU Prime typically offers CFD trading on a range of assets including forex, indices, commodities, shares, ETFs, and bonds. - The company has stated its plans for the region include hosting educational seminars and webinars to promote financial awareness. - This new license adds to PU Prime's existing regulatory approvals from authorities in Australia (ASIC), South Africa (FSCA), Mauritius (FSC), and Seychelles (FSA). - PU Prime has been actively building its brand presence in the region, including participating as a sponsor at the Dubai Forex Expo 2025 where their Promotion Manager, Ahmed Yousre, was a keynote speaker.
Key numbers
- PU Prime has been actively building its brand presence in the region, including participating as a sponsor at the Dubai Forex Expo 2025 where their Promotion Manager, Ahmed Yousre, was a keynote speaker.
What happens next
- UAE-based clients will be onboarded through PU Prime's offshore regulated entities.
- The company has stated its plans for the region include hosting educational seminars and webinars to promote financial awareness.
Quick answers
What happened in PU Prime Obtains Regulatory License in UAE?
Global brokerage group PU Prime announced that its Dubai-based entity has been granted a license by the UAE's Capital Market Authority (CMA). The license permits the company to conduct regulated promotion and introduction activities within the country, expanding its global regulatory footprint.
Why does PU Prime Obtains Regulatory License in UAE matter?
The license is a Category Five from the UAE's Capital Market Authority (CMA), permitting "Introduction and Promotion" activities. This allows PU Prime to establish a regulated presence and market its services, but not to hold client funds or execute trades locally within the UAE. UAE-based clients will be onboarded through PU Prime's offshore regulated entities. This is a common strategy for global brokers entering the region, with others like XM, Pepperstone, and Eightcap also holding this license category due to lower capital requirements. The entity is named PU Prime Financial Services LLC and is headed by Ali Afzaal, the Regional Head for MENA & South Asia, who joined the company from GTCFX. This move is part of a larger trend of brokers seeking regulation in the UAE, which is positioning itself as a major financial hub. The regulator itself recently rebranded from the Securities and Commodities Authority (SCA) to the CMA, signaling a broader modernization of the country's financial framework. Under its various licenses, PU Prime typically offers CFD trading on a range of assets including forex, indices, commodities, shares, ETFs, and bonds. The company has stated its plans for the region include hosting educational seminars and webinars to promote financial awareness. This new license adds to PU Prime's existing regulatory approvals from authorities in Australia (ASIC), South Africa (FSCA), Mauritius (FSC), and Seychelles (FSA). PU Prime has been actively building its brand presence in the region, including participating as a sponsor at the Dubai Forex Expo 2025 where their Promotion Manager, Ahmed Yousre, was a keynote speaker.
