The Dubai Financial Services Authority (DFSA), has published Markets Brief No. 24 on Suspicious Transaction and Order Reports (STOR). The DFSA highlights and sets out information regarding the obligation to prevent and detect market abuse and to notify the DFSA through the notification of STOR.

Authorised Market Institutions, Authorised Firms operating an Alternative Trading System (ATS), Authorised Firms especially those who act as market intermediaries and Recognised Members are obligated to provide STOR notifications to the DFSA. The DFSA also encourages Reporting Entities, as issuers of securities, to provide STOR notifications to the DFSA on a voluntary basis. The DFSA also notes that submissions of STOR are now available via online forms. Firms subject to the STOR notification obligation are required to upload STOR information onto the online form via the DFSA’s electronic portal.