DIFC’s Collective Investment Funds regime to be enhanced

From the DFSA: The DFSA proposes to make significant enhancements to the DIFC’s Collective Investment Funds regime to better align it with international trends and practices, thereby making it more attractive to both fund managers and participants in the funds industry. The Funds Regime is mainly...

DFSA ACTION: Damas International Limited

The Dubai Financial Services Authority announced remedial action and enforcement sanctions against Damas International Limited, a multinational luxury goods retailer, and its Board of Directors for their failure to exercise appropriate corporate governance over the company and its subsidiaries. The remedial...

Petition to amend order regarding contracts traded on the DME

The CFTC is requesting public comment on a petition submitted by the Clearing House Division of the Chicago Mercantile Exchange and the New York Mercantile Exchange to amend an existing order in connection with contracts traded on the Dubai Mercantile Exchange. In April 2008, the Commission issued an order...

DFSA signs MoU with French securities regulator

The Dubai Financial Services Authority entered into a Memorandum of Understanding with the Autorité des marchés financiers of France (AMF), the French securities regulator. The signing took place between Mr Paul Koster, Chief Executive of the DFSA, and M Jean-Pierre Jouyet, Chairman of the AMF. The AMF is...

DFSA Consultation Paper No. 68 Enhanced Corporate Governance Regime for Reporting Entities

The DFSA proposes changes to the corporate governance framework applicable to Reporting Entities in the DIFC. This framework needs to recognise that such Reporting Entities may be incorporated outside the DIFC and be subject to the requirements in their home jurisdiction, in addition to the requirements...

Amendments to the Rulebook Rules Instrument (No. 69) 2010

Following the ending of the consultation period on a number of proposed legislative changes, set out in Consultation Paper 66, the Board, after due consideration of consultees comments, approved the final version of amendments to the Rulebook as described below. RM69/2010 Restructuring the DFSA’s...

DFSA enters into a MofU with the Qatar Financial Center Regulatory Authority

The DFSA entered into a Memorandum of Understanding with the Qatar Financial Center Regulatory Authority. The MoU was signed on behalf of the DFSA by Chief Executive, Mr Paul Koster, and Mr Phillip Thorpe, Chairman and Chief Executive Officer of the QFC Regulatory Authority, during the 4th GCC Regulators’...

DFSA Consultation Paper on Rules in the Price Stabilization Module

The Consultation Paper seeks public comments on the DFSA’s proposals to make changes to certain Rules in the Price Stabilization Module (PRS). The paper also sets out the proposed changes to the PRS. The proposals are aimed at updating the PRS and are the result of an internal review of Rules on Price...

DFSA to host Islamic Financial Services Board seminar

The Islamic Financial Services Board (IFSB) is organizing its 5th Seminar on the Regulation of Takaful on 22nd and 23rd February 2010, at the Emirates Towers Hotel, in Dubai. The DFSA will be hosting the Seminar.

DFSA Representative Office Regime

Following the ending of the consultation period on a number of proposed legislative changes, set out in Consultation Paper 65, the Board, after due consideration of consultees comments, approved the final version of amendments to the Rulebook as described below. The following rule-making instrument is to...
Page 1 of 212