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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Re/think is a boutique accounting, audit, advisory, regulatory compliance and tax advisory firm with offices in Dubai and Abu Dhabi (ADGM), focused on providing businesses of varying sizes with timely, proactive, and customized business solutions from start-up and early development to the latest stages of a business lifecycle.
We offer tailored regulatory expertise and focus on guiding clients to reduce the risk of non-compliance across a wide range of compliance services and regulatory advice. While we focus on compliance consultancy services including advisory, training and process improvement, we do not just tell you what to do, we give you practical ways to make things work for your business.
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Authors
Gail Goring
Partner & Head – Regulatory & Compliance Services
