Securities and Commodities Authority
New UAE mutual fund rules to come with a sanctions regime
New mutual fund registration rules introduced by the UAE’s Securities and Commodities Authority (SCA) in August, and currently within a six-month implementation grace period, are expected to come with a series of sanctions for breaches of the regime.
Industry changing rules on UAE funds get official green light
New mutual fund charges and regulations that could have a dramatic effect on the number of funds offered on international platforms and within life insurance wrappers have become law in the United Arab Emirates.
UAE plans to impose fund registration fees on life products
The Securities and Commodities Authority (SCA) in the UAE has circulated a draft set of regulations which will for the first time impose the foreign funds promotion registration fee on mutual funds offered as part of life insurance products.
UAE regulator SCA extends scope to cover financial planning
The Securities and Commodities Authority (SCA) in the UAE has amended its regulations to enable licenced advisers to offer clients a full financial planning service, creating a “distinct line” between its remit and that of the Insurance Authority.