The announcement is the latest twist in a high-profile legal battle between the regulator and the fund manager, which started with the collapse of his previous company back in 2019.
United Arab Emirates
New framework will align regulatory requirements with broader national objectives, including the UAE Strategy for Islamic Finance and Halal Industry as well as Dubai's Economic Agenda (D33).
A thematic review looked at capacity and resources, policies and procedures, examples of good practice, and advice on where improvements can be made.
Proposals reflect established international approaches to operational resilience and will be familiar to Authorized Firms that are already subject to regimes in the UK and EU.
Regulation targeting the financial sector continues to evolve. We explore the EU's future approach, where reforms are balanced with core safeguards – alongside perspectives from other key markets for the Nordic and Baltic region.
The conflict in the Gulf is more than a security event; it is a live stress test of risk management. Ben Todd offers six steps for organizations operating in the region.
Strategies for managing crossborder reporting obligations.
Review reveals shortcomings including lack of clarity in existing policies, failure to carry self-assessment, and narrow scope on what counts as conflict of interest.