"The journey to a Dubai International Financial Centre (DIFC) licence is intentionally rigorous, built around a detailed Regulatory Business Plan and a "Fit and Proper" test for key personnel. The DFSA's non-negotiable requirements, such as a UAE-resident Senior Executive Officer, create a foundation of genuine value that institutional capital now demands. The framework also has a risk-based design, reflected directly in its capital requirements."
"Once a manager is licensed, a new Qualified Investor Fund can be brought to market through a notification process that the DFSA aims to complete in just two business days, with the rulebook requiring notification at least 14 days before the initial offer."
"For fund managers with a long-term horizon, the message is clear: the DFSA authorisation process is not about meeting today's standards, but about building a firm that is already compliant with tomorrow's. It is an investment in credibility that provides a distinct competitive advantage."
The DFSA authorisation elevates licensing into a strategic asset by imposing a rigorous, forward-looking regulatory framework for fund managers in the DIFC. Authorisation requires a detailed Regulatory Business Plan and a Fit and Proper test for key personnel, including non-negotiable conditions such as a UAE-resident Senior Executive Officer. The framework applies risk-based capital requirements. After authorisation, managers may launch a Qualified Investor Fund via a notification process targeted for completion in two business days, subject to a rulebook notice at least 14 days before the initial offer. Compliance delivers credibility and competitive advantage for long-term managers.
Read at London Business News | Londonlovesbusiness.com
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