Regulatory Updates
DFSA GEN Rulebook Update April 2024
DFSA has issued updates to General Rulebook (GEN) and has clarified Fixed Penalties.
FSRA Thematic Review – Client Money
Financial Services Regulatory Authority (FSRA) via their letter dated 01st May 2024 issued updates pertaining to the Thematic Review on Client Money Controls.
DFSA Thematic Review – Complaints Handling
The Dubai Financial Services Authority (DFSA) conducted a thematic review during 2023-2024 to assess the processes of complaints handling among Authorized Firms (AFs).
FATCA & CRS Portal is Now Open
Data Submission and Risk Assessment Questionnaire in the FATCA/CRS System (“System”) for the Calendar Year 2023 (“CY2023”) is now open.
DFSA Financial Promotion – Thematic Review
Dubai Financial Services Authority (DFSA) via their letter dated 11 June 2024 issued updates pertaining to the Thematic Review on Firm Disclosures. ‘Disclosures’, include all client communications, including, but not limited to, Financial Promotions and other marketing materials.
DFSA Risk Assessment Update – Brokerage
In 2023, the Dubai Financial Services Authority (DFSA) conducted risk assessments on brokerage
business models, focusing on compliance with regulatory obligations.