How will merger of UAE regulators affect advice sector?
Firms ‘would no doubt have to change or replace their current licences which would come at a cost’
SCA
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Old Mutual International pursues UAE licence
The insurer is already regulated by the Dubai Financial Services Authority (DFSA)
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Regulatory trio agree UAE fund promotion
Three key Emirati regulators establish framework to grow domestic funds market
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Praemium secures regulatory approval to launch UAE funds
Australian investment platform Praemium has launched five investment funds in the UAE, as it prepares to set up shop in the Dubai International Finance Centre (DIFC).
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Pacific AM secures elusive SCA licence in the UAE
Pacific Asset Management has joined an exclusive list of offshore asset managers that have secured Securities and Commodities Authority (SCA) approval to promote its funds in the United Arab Emirates.
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Are UAE advisers facing an era of greater regulatory scrutiny?
Following a landmark Dubai court case where an adviser was convicted of operating without a licence, there are indications that regulators in the UAE are about to step up their enforcement efforts.
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Who needs the new UAE promoter’s licence?
The UAE has introduced more regulations to clarify the rules surrounding the promoter’s licence, but while applications are already in, some areas could still be open to interpretation.
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UAE regulator details new financial promoters licence
The Securities and Commodities Authority (SCA) in the UAE has released long-awaited details of its new Financial Promoters licence, boosting hopes that the permits for financial advisers and banks will soon be issued.
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Advisers in UAE face tougher environment for financial planning
The chief executive of a leading UAE advice firm has warned that increased regulation will reduce the survival prospects for many financial consultancy firms in the Emirates if the obvious warnings from regulators are ignored.
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UAE securities regulator re-opens door for fund registrations
Asset managers can now complete the process of registering and promoting funds in the UAE following the release of fresh guidance from the Securities and Commodities Authority (SCA).
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Clouds linger over mutual fund industry in the UAE
The mutual funds industry in the UAE is still waiting for clarity from the Securities and Commodities Authority (SCA) on its recently introduced registration and promotion systems as another regulator, the Insurance Authority, moves ahead with life company and adviser reforms.
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Goldman Sachs AM first to register foreign retail funds in UAE
Goldman Sachs Asset Management (GSAM) has become the first firm to register foreign investment funds for retail investors in the UAE under the new mutual fund regulation introduced by the Emirates’ Securities and Commodities Authority (SCA).