The DFSA waives regulatory fees on ESG listings on Nasdaq Dubai

The DFSA waives regulatory fees on ESG listings on Nasdaq Dubai

Dubai, UAE: The Dubai Financial Services Authority (DFSA) announced it will waive all regulatory fees for issuers wishing to list sustainability-related debt securities in the Dubai International Financial Centre (DIFC) throughout 2024. This fee waiver is effective immediately and will apply throughout 2024.

This decision, announced today at COP28 by Ian Johnston, Chief Executive of the DFSA, underscores the DFSA’s long-standing commitment to accelerating the growth of sustainable capital markets in the DIFC since the publication of its first set of Guidelines on best practices for listing green bonds and sukuk in 2018.

Nasdaq Dubai, the DIFC’s exchange, has since emerged as the world’s largest ESG sukuk market with more than 60% of US-denominated ESG sukuk and close to 50% of all-currencies ESG sukuk.

To further mobilise and bolster the sources of financing for sustainable projects in the UAE and the wider region, the fee waiver applies to all ESG-related bonds and sukuk labelled as green, social, sustainable, sustainability-linked, climate, climate adaptation, climate transition, or similar.

Ian Johnston said: “The DFSA is proud to continue to play a crucial role in building a hub for sustainable finance in the UAE. As we approach the conclusion of the ‘Year of Sustainability’,