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UAE Financial Rules and Regulations (Level 3)

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Your team is drafting a policy on UAE stock exchanges as part of data protection for a credit union in United States. A key unresolved point is the regulatory reporting obligation for substantial equity positions held in companies listed on the Dubai Financial Market (DFM). As the credit union's internal audit department evaluates the risk controls for international investments, they must ensure compliance with the Securities and Commodities Authority (SCA) Disclosure and Transparency Regulations. The audit team is specifically reviewing the threshold at which an institutional investor must notify the exchange and the regulator regarding their ownership stake in a listed entity. According to UAE mainland exchange regulations, what is the specific ownership level and subsequent reporting requirement for such holdings?

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