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SCA Updates – Public Offering of Foreign Funds in the UAE – Extension of the Grace Period

The Securities and Commodities Authority of the United Arab Emirates (“SCA”) has announced that the grace period granted to foreign funds registered with SCA for a public offering has now been extended to 31 March 2024,...more

SCA Updates: Marketing Cayman Funds in the UAE

The Securities and Commodities Authority of the United Arab Emirates (“SCA”) has confirmed in writing that Cayman funds can now be registered with SCA for private offering in the UAE. In February, SCA stopped allowing the...more

SCA Updates Regulations – Marketing Foreign Funds in the UAE

The Securities and Commodity Authority of the United Arab Emirates (“SCA”) issued new regulations regarding the promotion of foreign funds in the UAE and the establishment of UAE-domiciled funds. In particular, a public...more

Financial Services Quarterly Report - Third Quarter 2016: DIFC Funds: 2016 and Beyond

The Dubai International Financial Centre (DIFC) is a financial free-zone located in Dubai with its own established set of laws and regulations as well as a financial regulator and court system. Established in 2004, the DIFC...more

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