More NewsDubai Unveils Regulatory Blueprint for International Financial Centre

Dubai Unveils Regulatory Blueprint for International Financial Centre

Dubai has taken another step towards the launch of the Dubai International Financial Centre (DIFC) with the publication of its Regulatory Law. This law specifies the DIFC’s ambitious plan to create the region’s first regulatory framework equal in quality to the world-leading centres of London, Hong Kong and Wall Street. The law, published for consultation by the DIFC’s Regulatory Authority, creates a framework built on the best practice of leading jurisdictions in Europe, North America and the Far East. The DIFC hopes this will allow the world’s banking and financial institutions a sense of familiarity when dealing with the fledgling institution. According to the DIFC, the law is based on its fundamental principles of integrity, transparency and simplicity. The draft also reflects the desire of the Regulatory Authority to work closely with the UAE Central Bank on vital areas such as money laundering compliance.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha