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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 [...]

The DFSA entered into a Memorandum of Understanding with the Securities and Exchange Board of India (SEBI). Mr Paul Koster, Chief Executive of the DFSA said, “There are already a number of branches of Indian firms operating in the DIFC so this agreement, which reflects the responsibilities of both agencies, will enhance information sharing and [...]

DFSA CEO Mr. David Knott is reported to have said: ‘The signing of today’s MoU has formalized arrangements for co-operation and information sharing between the two regulators. It recognizes that both regulators place reliance on the quality of regulatory standards administered in the other’s jurisdiction.’

September 7, 2008: Dubai FSA sanctions GFS Investments. Details of this matter can found at: http://www.complinet.com/dfsa/display/display.html?rbid=1547&record_id=20055&element_id=12984&highlight=GFS%2A#r20055