DFSA launches Cyber Threat Intelligence Platform LeapRate

December 30, 2019 BY Valentina Kirilova

DFSA launches Cyber Threat Intelligence Platform

The Dubai Financial Services Authority (DFSA) has announced yesterday that it is about to launch the first regulator-led cyber threat intelligence platform in the Dubai region, aiming to help firms in the Dubai International Financial Centre (DIFC) implement appropriate safeguards to mitigate against cyber risks. The Cyber Threat Intelligence Platform is a result of ongoing…

January 28, 2019 BY Valentina Kirilova

DFSA fines individual US$52,500

The Dubai Financial Services Authority (DFSA) has just announced that it has just fined an individual US$52,500 (AED192, 675) and restricted him from performing any function in connection with the provision of Financial Services in or from the DIFC. Mr Andrew John Grimes did not challenge the DFSA’s findings against him back in 2017 and 2018 and did not…

February 12, 2018 BY Valentina Kirilova

DFSA signs MoU with the Central Bank of Oman

The Dubai Financial Services Authority (DFSA) and the Central Bank of Oman signed a Memorandum of Understanding (MoU) to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was signed in the Dubai International Financial Centre by Mr Bryan Stirewalt, Managing Director, Supervision of the DFSA, and His Excellency, Tahir…

December 07, 2017 BY Valentina Kirilova

Dubai Financial Services Authority signs FinTech agreements with Hong Kong authorities

The Dubai Financial Services Authority (DFSA) deepened ties with regulators in Hong Kong today signing two cooperation agreements to enhance collaboration in financial technology (FinTech) innovation. The agreements reinforce the existing strong relationship between the authorities in the two markets, which cooperate in the regulation of the financial services sector and FinTech businesses. The DFSA…

October 31, 2017 BY Valentina Kirilova

Dubai Financial Services Authority continues to develop its funds regime

The Dubai Financial Services Authority (DFSA) has today consulted on a comprehensive package of proposals to support the continued development of the growing funds industry in the Dubai International Financial Centre (DIFC).The proposals are wide-ranging and are designed to provide greater flexibility for investors and fund managers in the Centre. Ian Johnston, the Chief Executive…

April 10, 2017 BY Valentina Kirilova

DFSA censures a former employee of a DFSA authorised firm for misleading conduct

The Dubai Financial Services Authority (DFSA) anounced that has censured Mrs Jai Surve, a former employee of a DFSA Authorised Firm, for providing the DFSA with false and misleading information. Mrs Surve was a Business Consultant at an Authorised Firm which operated an online trading platform. From 2012 to 2016 Mrs Surve introduced clients to…

February 23, 2017 BY Valentina Kirilova

Dubai FSA signs MoU with ESMA

The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure Regulation (EMIR). The MoU was signed on behalf of the DFSA by Chief Executive, Mr Ian…

February 13, 2017 BY Valentina Kirilova

Dubai DFSA launches second consultation into crowdfunding framework to support SME financing

The Dubai Financial Services Authority (DFSA) has launched the next phase of consultations on its proposed framework for regulating crowdfunding platforms in the Dubai International Financial Centre (DIFC), with a paper detailing its approach to investment-based crowdfunding. The consultation is the second in a series of papers which outline the DFSA’s measures to support the…

January 24, 2017 BY Valentina Kirilova

Dubai Financial Services Authority deepens ties with Asia and Hong Kong

The Dubai Financial Services Authority (DFSA) Chairman, Mr Saeb Eigner, delivered an address on the opening morning of the tenth annual Asian Financial Forum (AFF) in Hong Kong, emphasising Dubai’s role as a financial hub for the region. The forum was attended by 2,800 participants from Asia, Europe and the US, including finance ministers, heads…

August 24, 2015 BY Maria Nikolova

Muna Dandan joins Dubai Financial Services Authority as General Counsel

Ms Dandan, who has extensive experience in the legal sector, will assume her new role at the end of September.

Tag: Dubai Financial Services Authority