Dubai Financial Services Authority (DFSA)
Independent regulator for the DIFC with its own rulebook.
Detailed Description
Dubai Financial Services Authority (DFSA)
What is the primary purpose of the DFSA?
The primary purpose of the DFSA is to oversee and regulate financial services in the DIFC, promoting transparency and protecting investors.
When was the DFSA established?
The DFSA was established in 2004.
What types of financial services does the DFSA regulate?
The DFSA regulates a wide range of financial services, including banking, insurance, asset management, and capital markets.
What is the significance of the DFSA's regulatory framework?
The DFSA's regulatory framework ensures sound governance and risk management practices, maintaining confidence in the financial system.
How does the DFSA support innovation in the financial sector?
The DFSA develops policies and regulations that foster innovation and competition, including regulations for fintech and digital assets.