DFSA – Fixed Penalty Notice Regime

On 5 April, the DFSA published a Dear SEO Letter. The purpose of this letter was to inform all Senior…
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Timeline confirmed for Singapore to repeal Registered Fund Management Companies regime

The Monetary Authority of Singapore (MAS) have announced the repeal of the regulatory regime for Registered Fund Management Companies (RFMCs)…
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Exploring FSRA Supervision Fees: Everything you need to know

FSRA Supervision Fees – Background On 6 October 2023, the Financial Services Regulatory Authority ("FSRA") of the Abu Dhabi Global…
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FSRA proposes enhanced measures for Cyber Risk Management

On 29 November 2023, the Financial Services Regulation Authority (“FSRA”) issued Discussion Paper No. 1 of 2023 on Information Technology…
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Regulatory Compliance Updates March 2024 – APAC Region

This APAC regulatory update includes – Prevention of Money Laundering and Countering the Financing of Terrorism.
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Regulatory Update: UK Edition – March 2024

This UK regulatory update includes – FCA publishes Business Plan 2024/25, FCA publishes new webpage on AIFM hosting, FCA publishes…
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Regulatory Update: Middle East Edition – March 2024

This edition includes – DFSA issues Consultation Paper on DFSA Fees, ADGM Reflects on 2023 Successes, DFSA Issues SEO Letter…
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Biometrics and beyond - the future of identity verification

As we embark on the second quarter of 2024, our focus here shifts to a critical theme – ‘Securing Digital…
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Regulatory Update: UK Edition – February 2024

This UK regulatory update includes – FCA sends notice to provide information related to incidents of non-financial misconduct, FCA publishes…
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Good practices for auditors of fund management companies

Auditors are a key stakeholder when promoting strong internal controls, risk management practices and business conduct by FMCs. The Monetary…
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Latest updates from MAS on Anti-Money Laundering - what you need to know

The Monetary Authority of Singapore (MAS) views Anti-Money Laundering (AML) as a critical component of its regulatory framework, aimed at…
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Data protection regimes: KSA, ADGM, DIFC and onshore UAE – a comparison

A key consideration for United Arab Emirates (“UAE”) firms with a presence in the Kingdom of Saudi Arabia (“KSA”), is…
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Insights from the FCA's Dear CEO Letter: Addressing Financial Crime Risks in Annex 1 Firms

On March 5 2024, the FCA wrote a Dear CEO Letter to the Chief Executive Officers of Annex 1 firms,…
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Regulatory Update: Middle East Edition – February 2024

This edition includes – DIFC Celebrates 20th Anniversary with Finance Events, ADGM Fines 6 Firms for Breaching CRS Regulations, DFSA…
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UAE’s success - exiting the FATF ‘Grey List’

On 23 February 2024, the Financial Action Task Force (FATF) removed the United Arab Emirates (UAE) from The FATF “grey…
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Regulatory Compliance Updates February 2024 – APAC Region

This APAC regulatory update includes – Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies.
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Cyber Risk Management – Is your firm complying with the DFSA rules?

On 1st January 2024, the Dubai Financial Services Authority (“DFSA”) Cyber Risk Management Rules came into force and for firms…
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Building a robust cyber security culture in the workplace

As a former Chief Information Security Officer (CISO), I often get asked, "Why is cyber security so important?" My answer…
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