Thursday, August 2, 2012

UAE Authorities get strict with investment funds

The new Investment Funds Regulation implemented by the UAE Securities and Commodities Authority (SCA) this week applies to all matters relating to domestic investment funds and to the promotion and offering of foreign funds in the UAE, with particular implications for DIFC funds or funds marketed by DIFC firms.

The Regulation transfers regulatory responsibility for the licensing and marketing of investment funds and for a number of related activities from the UAE Central Bank to the SCA
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Source: http://www.albawaba.com/business/new-rules-uae-436710

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