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“As a result of this signing, the DFSA now has a bi-lateral and multi-lateral MoU network with 90 regulators across the globe, which underlines the importance of effective co-ordination and co-operation”, DFSA Chief Executive Paul Koster said.

The DFSA proposes changes to the corporate governance framework applicable to Reporting Entities in the DIFC. This Consultation Paper details proposed changes to the Markets Law 2004 and the Offered Securities Rules.

RM69/2010 Restructuring the DFSA’s Islamic Finance Rules – Rules Instrument (No. 69) 2010

The Dubai Financial Services Authority entered into a Memorandum of Understanding with the Qatar Financial Center Regulatory Authority.

The Consultation Paper seeks public comments on the DFSA’s proposals to make changes to certain Rules in the Price Stabilization Module (PRS). The paper also sets out the proposed changes to the PRS. The proposals are aimed at updating the PRS and are the result of an internal review of Rules on Price Stabilization.

The Islamic Financial Services Board (IFSB) is organizing its 5th Seminar on the Regulation of Takaful on 22nd and 23rd February 2010, at the Emirates Towers Hotel, in Dubai. The DFSA will be hosting the Seminar.

The application fee for a Representative Office will be $2,000 along with an initial annual fee pro rata for the first year of authorisation. Thereafter, annual fees will be $4,000.

DFSA imposed an administrative censure against Mr Samir Madison-Jammal, a former Authorised Individual of a Firm authorised by the DFSA to provide financial services in the Dubai International Financial Centre (DIFC). The censure arose as a consequence of Mr Madison-Jammal’s failure to notify the DFSA of a material change in the application by the Firm [...]

Dubai International Financial Center’s Centre of Excellence unveiled a Resource Centre to encourage economic research in the region. “The Resource Centre has a comprehensive collection of the most relevant books and reading material, databases and original research in both hard and soft copy that would be beneficial to the students of the various executive management programmes and [...]

The DME has asked the CFTC to ease margin-calculation rules for traders on its markets, cutting trading costs for its flagship Oman Sour Crude contract. The DME’s sour crude futures contract, launched in June 2007, is among a host of products aimed at establishing a pricing mechanism for the heavier crude oil produced in the [...]