UAE insights: six months until BOD49 comes into force
Financial advisers give their views on how they think the regulation will impact the industry
UAE
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Insolvency law introduced in the UAE
It will support individuals facing existing or anticipated financial difficulties
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End of service benefit funding retirement for most UAE workers
Despite this increased reliance, people are expecting to receive, on average, just AED17,000
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Improving the financial advice experience in the UAE
Licensed advisers want to see the unregulated firms ‘have their oxygen taken away’
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Legal view on UAE commission cap
Law firm expects separate set of rules dealing specifically ‘with advisers and individual sales personnel’
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Commission caps and the UAE
Legislation has been signed and what will this mean?
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How will commission cap revamp the UAE advice market?
Some believe change ‘will clean up the industry’ but others disagree
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Final details of game-changing UAE legislation
Zurich Middle East CEO called it the ‘single biggest piece’ of regulation market has seen
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Swiss private bank opens advisory office in Dubai
Former Deutsche Bank managing director to lead operations in the UAE
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Generali and Dubai insurer target end of service benefits
Scheme will allow members to take their savings plan with them when they move country
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Financial advisory firm opens London office
And is looking to get a licence in the UAE
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Monumental legislation signed in the UAE
Circular 12 – now BOD49 – set to shake up financial advice in the region