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The Securities Account Control Agreement is a crucial document in UAE secured financing transactions, used to perfect security interests over securities accounts. This agreement is typically employed when a lender requires control over a borrower's securities account as collateral for financing. Under UAE law, particularly Federal Law No. 4 of 2000 (Securities Law) and relevant SCA regulations, the agreement establishes the mechanism for control over securities accounts, defining how the secured party can exercise its rights while protecting the interests of all parties involved. The document is essential for compliance with UAE secured transactions law and regulatory requirements, particularly in the context of financial institutions and corporate borrowers engaging in secured lending arrangements in the UAE market.

1. Parties: Identifies the account holder, secured party, and securities intermediary as parties to the agreement

2. Background: Sets out the context of the agreement, including reference to any related security agreements and the purpose of the control arrangement

3. Definitions: Defines key terms used throughout the agreement, including specific UAE regulatory terminology

4. Account Control and Security Interest: Establishes the secured party's control rights over the securities account and confirms the security interest

5. Securities Intermediary's Rights and Obligations: Details the obligations of the securities intermediary regarding account maintenance and instructions

6. Account Holder's Rights and Restrictions: Specifies the account holder's permitted activities and limitations regarding the securities account

7. Instructions and Control Rights: Establishes the mechanism for giving instructions and the hierarchy of control rights

8. Representations and Warranties: Contains standard representations and warranties from all parties

9. Regulatory Compliance: Addresses compliance with UAE securities laws and regulations

10. Events of Default: Defines events triggering enforcement rights

11. Notices: Specifies how formal communications between parties should be made

12. Amendments and Waivers: Procedures for modifying the agreement and effects of waivers

13. Governing Law and Jurisdiction: Specifies UAE law as governing law and jurisdiction for disputes

14. Term and Termination: Duration of the agreement and termination procedures