The Capital Market Authority participates in the International Week to Combat Illegal Financial Influencers
Abu Dhabi, April 20 / WAM / The country’s Capital Market Authority, along with regulatory bodies from around the world, participated in the “International Week to Combat Illegal Financial Influencers,” an international initiative aimed at raising awareness of the risks associated with misleading financial content, unlicensed investment advice, and online financial fraud.
The Authority explained in a statement today that this initiative reflects the growing global interest in the impact of financial information circulated through digital platforms, and the importance of ensuring that this content is presented in a responsible and transparent manner, and within clear regulatory frameworks that protect investors and enhance the integrity of markets.
As part of its participation, the Authority granted financial influencer certificates of accreditation to graduates of the “Young Financial Advisors Programme,” which was implemented in partnership with the Federal Youth Foundation, in a step that enhances the role of responsible financial content makers in spreading financial awareness through digital platforms.
There are currently 171 accredited financial influencers working within the licensing and registration framework approved by the Authority, collectively reaching more than 24.6 million followers across social media platforms. Since the launch of this framework, the number of approved influencers has increased by more than 1,800%, which reflects the high level of interaction with the Authority’s approach to promoting responsible financial communication.
His Excellency Walid Saeed Al-Awadhi, CEO of the Capital Market Authority, said on this occasion that financial content today is witnessing rapid growth and widespread dissemination, which makes it directly influential in shaping investment decisions. From this standpoint, ensuring the accuracy and transparency of information and the commitment to communicate it responsibly is a fundamental pillar in protecting investors.
He added that in the context of the growing digital economy in the UAE, the Authority is working to establish an integrated regulatory framework that sets clear standards for financial influencers, which enables them to perform their role with credibility, enhances confidence in the financial content, and supports the integrity and efficiency of the capital markets in the country.
The Capital Market Authority’s strategy is based on empowering responsible financial content creators rather than focusing solely on enforcement procedures, out of awareness of the vital role played by digital content creators in shaping financial awareness and guiding investment decisions.
This approach aims to integrate certified financial influencers into the comprehensive financial system, and enhance their role as responsible participants who contribute to providing reliable and transparent content, and represent this sector to their audiences.
During International Anti-Disinformation Week, certified financial influencers collaborate with the Authority to spread awareness messages that highlight financial literacy, the importance of making responsible investment decisions, and the risks associated with misleading financial information online.
Through initiatives that combine regulation, awareness and cooperation, the Capital Market Authority confirms the continued strengthening of the digital finance system in the UAE, which supports investor protection and establishes the integrity of markets.
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