The Emirates Securities and Commodities Authority has stated that a new corporate law requiring listed companies in the UAE to exercise full transparency and making it compulsory for listed companies to abide by all ESCA rules and regulations will be introduced by April 2010. Separately, it has been reported that the UAE Minister of Justice has stated that a number of new business laws are in their final phases before being referred to the Federal National Council for discussion, including laws relating to competitiveness, bankruptcy and company law.