DFSA Moves into The Gate
— New office and larger staff reaffirms commitment to strengthen regulatory environment
Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has moved into its new offices within the state-of-the-art Gate building in the DIFC. All DFSA’s staff will be housed in the new offices, affording room for expansion as the Financial Services industry based in the Centre continues to grow.
The Chairman of the DFSA, Dr. Habib Al Mulla said, “The Gate is symbolic of Dubai being the leading gateway for the region’s financial success and we are delighted to be housed in this iconic building at the heart of Dubai’s International Financial Centre.
“Within the one year since the establishment of DIFC, we have made great progress in creating the framework for a fair, transparent and well-regulated environment for Financial Services industry participants. As the number of firms populating the DIFC grows, our growing team of experts will continue to ensure this continues to be amongst the world’s best regulated financial centres.”
So far, 13 DIFC laws have been enacted and a further nine are expected to be passed and the DFSA has drawn from the best practices of leading regulatory bodies around the world, creating a unique environment that offers legal certainty and regulatory familiarity for the Financial Services industry.
Dr. Habib added that DFSA’s recent Associate Membership of the International Organisation of Securities Commissions (IOSCO), the world’s leading body of Securities Regulators, bears further testament to the international standards and expertise it brings to the region.