UAE financial regulators sign agreement on licensing domestic funds
There’s a new reason for foreign investors to flock to the UAE.
Financial regulators in the UAE have signed an agreement on the licensing of domestic funds.
As well as allowing each regulator to promote licensed funds from the country’s financial free zones, it will pave the way for people looking to channel their savings into new investments.
The agreement between the Securities and Commodities Authority (SCA), Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC), and the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) will also foster relations between the authorities.