Sipila

Dubai’s DFSA regulates first peer to peer lender

Dubai - Arab Today

Dubai-based Beehive said on Sunday it had become the first peer-to-peer lender to become regulated by the Dubai Financial Services Authority (DFSA), the regulator for the Middle East and North Africa’s largest financial center. After emerging in response to a shrinking in bank lending following the financial crisis of 2008, peer-to-peer lending is gradually taking off, with loans from suchRead more

DFSA signs MoU with European Securities and Markets Authority

Dubai - WAM

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 Memorandum was signed on behalf of the DFSA by Chief Executive Ian Johnston, and by the Chairman ofRead more

DFSA fines former licensed directors

Dubai - WAM

The Dubai Financial Services Authority, DFSA, has fined two individuals US$56,000 (AED205,520) each for failing to act with due skill, care and diligence, which caused an Authorised Firm to breach the DFSA’s Anti-Money Laundering, AML, Rules. Raphael Lilla and Kapparath Muraleedharan were both Licensed Directors and members of the Board of Directors at a DFSA Authorised Firm. In August 2014,Read more

DFSA and Society of Lloyd’s establish Framework for Co-operation

Dubai - WAM

The Dubai Financial Services Authority, DFSA, has entered into an arrangement today with the Society of Lloyd’s to establish a Framework for Co-operation. The Framework was signed by the Chief Executive of the DFSA, Ian Johnston, and the Chairman of Lloyd’s, John Nelson. The Framework promotes an efficient and effective flow of information between the DFSA and the Society ofRead more

Nasdaq Dubai welcomes designation as NNA for financial instruments in DIFC

Dubai - WAM

Nasdaq Dubai, the region’s international stock exchange, has welcomed its designation as the sole National Numbering Agency (NNA) for financial instruments in the Dubai International Financial Centre (DIFC). Under the designation, made by Dubai Financial Services Authority (DFSA), the exchange will issue and maintain codes that uniquely identify all new instruments such as shares, Sukuk, bonds and derivatives that areRead more

Ahli United Bank Limited first GCC bank with Category 1 license to launch operations at Dubai Int'l Financial Centre

Themuslimchronicle, themuslimchronicleAhli United Bank Limited first GCC bank with Category 1 license to launch operations at Dubai Int'l Financial Centre166299/83

Dubai - WAM

Dubai International Financial Centre today welcomed Ahli United Bank Limited (AUBL), a 100 percent subsidiary of Ahli United Bank B.S.C., as the first bank in the GCC region to receive the Category 1 license from the Dubai Financial Services Authority (DFSA). On opening the new quarters of the bank in DIFC, Essa Kazim, Governor of DIFC, met a delegation fromRead more