Financial services and markets contribute to the economic growth of the country. However, laws and regulations should be developed to assist markets in executing their role effectively. The subject of this paper is the regulation of financial services and markets in the UAE. It analyses in particular the laws and regulations of financial markets in the UAE since the establishment of its formal financial markets in 2000. Due to the expansion of financial markets and services in the country, there is a real need to examine the extent to which the applicable laws and regulations keep up with development. Therefore, this paper adopts an analytical approach while evaluating the regulatory systems, and laws and regulations of financial markets in the UAE. The importance of this paper is that it addresses a real problem facing emerging markets which is the development of the laws and regulations that govern financial markets in terms of international standards and best practices that preserve the rapid growth in the financial industry. The contribution of this paper is that it addresses the situation in the United Arab Emirates, a country which has a clear vision to develop its economy and diversify income sources. The Emirate of Dubai, in particular, plans to be an international financial hub. The paper commences with an introduction defining problem, aims and methodology of the research study. Then it explains the importance of capital markets and the role of laws and regulations in sustaining an efficient market. After that, the paper introduces capital markets in the UAE, explaining their most important features. The paper also reviews the development of financial laws and regulations in the UAE and the role of the Securities and Commodities Authority. Following that, it introduces the experience of Dubai International Financial Center, its objectives, and the role of Dubai Financial Services Authority as the regulatory body of the Center. The last section of the paper introduces in numbers the growth of financial services in the UAE. This paper ends with a conclusion indicating the research’s most important results and recommendations

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