Service Description
This service is aimed to modify administrative and technical data in a (Q)TSP license
Service Steps
Expected Time
Within 30 days of application completion date
Fees
- Fees for amending license information: AED2,500
- Fees for amending license technical information: AED2,500
Target Audience
Business Sector
Government Sector
Service Channels
Smart App
TDRA Website
Service Conditions
- Submission of updated documents and meeting all requirements
- The licensee must notify TDRA within a week in the event of any amendments or changes to the information provided in the license/renewal application or in the documents submitted to obtain the compliance report
- The licensee must obtain prior approval from TDRA in cases of amending or changing the data and information already submitted to TDRA as determined by TDRA, provided that the following data and information are included:
- Establishment data, ownership, and licensee's operating location or place of business in the country
- Technical, administrative and financial ability to manage and operate/run the services specified in the license
- Any change in the procedure for verifying the identity of applicants for and subscribers to Trust Services or Qualified Trust Services
- Any change to the information systems of Trust Services or Qualified Trust Services
- Any amendments/modifications/adjustments to the termination plan
- The application fee is non-refundable regardless of the final outcome of the application, whether approved or rejected
Complication Level
Complex service
Service Package
TSP Licensing
Service outcome
- Amended TSP license - Amended QTSP license - Amendment to the UAE Trusted List
Service Remark
No service remarks
Service Limitation
TSPs and QTSPs licensed by TDRA
Linkage to Other Services
The service is linked to "New Application for Trust Services License" service
Required Documents
- Providing updated versions of the following documents:
- Copy of the license issued by the competent authority or otherwise entitling them to engage in activities in the country
- Statement of the commercial/business activities not related to Trust Services and Qualified Trust Services that the license applicant is authorized to practice
- Data of the license applicant's operating location or place of business in the country
- Copy of the license applicant's work plan, showing the nature and strategy of their business, goals, marketing plans, and service delivery plan
- Type of commercial/business/trade license and partners' shares therein, if any, and the organizational structure of the licensing applicant
- Statement of institutional and operational capabilities/capacities of the licensing applicant
- Compliance assessment report not exceeding one month
- Copy of the documents submitted during the compliance assessment process
- Service termination plan
- Financial data report for the last fiscal year issued by a UAE-accredited auditor, proving the availability of financial resources equivalent to (5,000,000) five million AED
- Providing a bank guarantee or insurance determined by TDRA, which is automatically renewed upon license renewal
