EAD issues new rules for handling environmental violations: The Environment Agency – Abu Dhabi (EAD) introduced a regulation outlining reconciliation and appeal procedures for environmental administrative violations and fines, according to Abu Dhabi Media Office. Under the rules, violators can reconcile by paying 75% of the imposed fine, provided it is not a repeat offense within one calendar year or one deemed to have significant environmental impact.

Appeals must be submitted within 60 days of notification, supported by relevant evidence, and any rejected appeal obligates the violator to pay the full fine. Violators are also required to correct the environmental damage or risk EAD mitigating the impact at their expense.

NEW PROPOSAL FOR ROBO-ADVISORY REGULATIONS-

The UAE Securities and Commodities Authority has proposed new rules for robo-advisory services, open for feedback until 14 February 2025, according to a statement. The regulations aim to enable automated investment management using advanced algorithms to analyze market data and adjust portfolios in real-time.

Key requirements include external IT audits, stress-testing algorithms, and transparency on fees, risks, and algorithm limitations. Platforms must also provide client education, data encryption, and safeguards for trading during market volatility.

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