Passporting of Domestic Funds within the UAE
The Financial Services Regulatory Authority (FSRA), in collaboration with The Securities and Commodities Authority (SCA), and the Dubai Financial Services Authority (DFSA) have negotiated a common set of rules which will provide Fund Managers the option to promote funds in multiple jurisdictions across UAE without obtaining multiple regulatory licenses or engaging multiple agents. All three regulatory authorities have collaborated to create a reciprocal fund passporting regime in order to stimulate the development of the domestic investment funds market across the UAE and encourage greater facilitation of business across the UAE.
For further reading on the passporting of domestic funds within the UAE, click here.
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