Finance and Regulation

A Comprehensive Breakdown of DFSA Prudential (PIB): Understanding Capital and Liquidity Requirements

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Introduction to DFSA Prudential Requirements The Dubai Financial Services Authority (DFSA) plays a pivotal role in the regulation and supervision of financial institutions within the Dubai International Financial Centre (DIFC). Established in 2004, the DFSA is responsible for ensuring that firms operating in this financial hub adhere to best practices and maintain robust operational standards. … Read more

Understanding the DFSA AML Rulebook: An FAQ-Style Primer

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Introduction to DFSA and AML Regulations The Dubai Financial Services Authority (DFSA) is an independent regulatory body tasked with overseeing the financial services sector within the Dubai International Financial Centre (DIFC). Established in 2004, the DFSA is responsible for ensuring that financial institutions operating in the DIFC adhere to high standards of conduct, which includes … Read more

A Comprehensive Comparison of DFSA AML Rulebooks

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Introduction to DFSA and AML Regulations The Dubai Financial Services Authority (DFSA) is a prominent regulatory body established to oversee financial services within the Dubai International Financial Centre (DIFC). Founded in 2004, the DFSA plays a critical role in fostering a robust financial environment that upholds the highest standards of governance and transparency. Its expansive … Read more

A Comprehensive Guide to ADGM Beneficial Ownership

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Introduction to ADGM Beneficial Ownership The Abu Dhabi Global Market (ADGM), established in 2013, serves as a leading international financial centre located in the capital of the United Arab Emirates. Designed to enhance the UAE’s economic landscape, ADGM operates under an independent legal framework and regulatory regime, providing businesses with an environment conducive to growth, … Read more

DFSA Conduct of Business Compliance Checklist: Client Assets and Suitability

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Introduction to DFSA and Conduct of Business Regulations The Dubai Financial Services Authority (DFSA) is the independent regulator for financial services conducted in or from the Dubai International Financial Centre (DIFC). Established in 2004, the DFSA’s primary objective is to develop an efficient and effective regulatory framework conducive to a robust and dynamic financial sector. … Read more

A Comprehensive Guide to DFSA Conduct of Business: Client Assets and Suitability

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Introduction to DFSA Conduct of Business The Dubai Financial Services Authority (DFSA) serves as the regulatory body for financial institutions operating within the Dubai International Financial Centre (DIFC). Established to promote and maintain the integrity of financial services within this distinct jurisdiction, the DFSA plays a crucial role in establishing a robust regulatory framework. It … Read more

Analyzing Penalties and Enforcement Trends Under Cabinet Decision: Economic Substance Regulations in the UAE

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Introduction to Economic Substance Regulations The Economic Substance Regulations (ESR) were introduced by the United Arab Emirates (UAE) government to address the global call for enhanced transparency and accountability in financial dealings. These regulations aim to ensure that entities engaged in certain activities within the UAE demonstrate substantial economic presence in the jurisdiction. The primary … Read more

Understanding Federal Decree-Law No. 14 of 2018: An FAQ Primer on the Central Bank

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What is Federal Decree-Law No. 14 of 2018? Federal Decree-Law No. 14 of 2018 serves as a crucial legislative framework aimed at strengthening the regulatory and supervisory powers of the Central Bank within the financial system of the United Arab Emirates. This decree-law was enacted to establish a robust legislative mechanism that aligns with international … Read more

Compliance Checklist for Federal Decree-Law No. 14 of 2018: A Guide for Financial Institutions

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Introduction to Federal Decree-Law No. 14 of 2018 The Federal Decree-Law No. 14 of 2018 stands as a pivotal regulation aimed at enhancing the operational framework of financial institutions within the jurisdiction of the Central Bank. This decree emerges as a response to the evolving needs for stringent regulatory compliance and robust governance structures that … Read more

Analyzing Penalties and Enforcement Trends under the ADGM Company Service Providers Framework

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Introduction to the ADGM and CSP Framework The Abu Dhabi Global Market (ADGM) is an international financial center located in the capital of the United Arab Emirates, Abu Dhabi. Established in 2013, the ADGM aims to promote financial services, attract foreign investment, and enhance the economic landscape of the emirate. It operates under an independent … Read more