Transfer of Securities from Different Accounts

Transferring securities from one account to another as per the request of the local custodian, according to the below classifications:

• A. Transfer of securities to custody account or vice versa without change in beneficiary owner
• B. Moving clients between local custodians without change in beneficiary owner
• C. Moving clients between local and global custodians together, without change in beneficiary owner 

• A.  AED   10 for each company
• B. AED 300 for each company
• C. AED 600 for each company

• Custodian requests transfer of securities:
  • A) Dubai CSD receives a transfer request, to be signed and certified by the custodian(s) in case the investor moves from one custodian to another
  • B) Dubai CSD receives the instructions of the global custodian (s) in case the investor moves from one custodian to another, signed by the local custodian
  • C) Dubai CSD receives the investor’s instructions in case the investor moves from a direct account to a custody account, or if there is no global custodian for this investor. The instructions are to be certified by the local custodian

• Dubai CSD ensures that all requirements are in order along with supporting documents
• Dubai CSD ensures the application in the system and approves it (within two working days)

• Fill Custodians Transfers form by local custodian(s)
• Attach global custodian's instruction (if any)
• Attach letter from investor signed (in case of moving into/out of custody)
• Attaching a copy of the Memorandum of Association, valid Commercial License and the Commercial Register of investor (in case of corporate)
• Attaching a copy of valid Passport and ID of investor (in case of individuals)