“Bloomberg” quoted sources as saying that Dubai intends to implement organizational amendments to the laws to consolidate its position as a global center for hedge funds, where officials of the Dubai Financial Services Authority conduct a comprehensive review of the emirate’s regulations, with the aim of removing unnecessary organizational burdens and overcoming obstacles to entering the market, according to a spokesman for the authority.
The proposed amendments by the Dubai Financial Services Authority include DFSA reduction in capital requirements, and to reduce liquidity rules of companies.
These steps aim to facilitate the entry of fund managers into the local market, and to provide a flexible environment in line with European and British standards.
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