The Dubai Financial Services Authority is the financial regulator of the Dubai International Financial Center (DIFC), a special economic zone in Dubai, United Arab Emirates. This agency is separate from the United Arab Emirates Securities and Commodities Authority, and its jurisdiction includes the United Arab Emirates, which is generally outside the boundaries of the DIFC. It operates only in special economic zones and is obliged to provide a legal environment in line with international standards. DFSA’s regulatory obligations include wealth management, banking and credit services, securities, collective investment funds, custody and standards services, commodity futures, Islamic finance, insurance, international stock exchanges, and international derivative exchanges for commodities. DFSA is responsible for monitoring and implementing Money Laundering Prevention (AML) and Counter-Terrorism Financing (CTF) requirements that apply to DIFCs, in addition to the regulation of financial and ancillary services. DFSA has also accepted approval from the DIFC Company Register (RoC) to investigate the operations of DIFC companies and partnerships in the event of suspected serious violations of the DIFC Companies Act and enforcement measures taken.

What DFSA Stand For?

DFSA stands for Dubai Financial Services Authority. The DFSA is the independent regulator for financial services within or from DIFC, a dedicated financial freedom zone in Dubai, United Arab Emirates. Islamic, insurance, international exchanges and international derivatives exchanges. The Dubai Financial Services Authority strives to establish and maintain an environment that promotes the principles that guide the integrity, transparency and effectiveness of DIFC. This has been achieved by combining uncompromising high standards with a clear, concise and flexible regulatory framework based on international best practices associated with existing international financial centers.

What Are the Objectives of the DFSA?

The Dubai Financial Servies Authority is legally obligated to pursue the following objectives in fulfilling its regulatory obligations:

• Promote and maintain the fairness, transparency and efficiency of the financial services sector (i.e. financial services and business-related activities) to the DIFC.
• Grow and maintain DIFC’s confidence in the financial services industry.
• Promote and maintain the financial stability of the financial services sector at DIFC, including minimizing systemic risk.
• Prevent, detect and limit actions that may damage or damage the reputation of DIFC or the DIFC financial services sector through appropriate measures, including sanctions punishment.
• Protects direct and indirect and potential users of the DIFC financial services industry.
• Pursue other objectives that Sovereign may modify at any time by the DIFC Act.

What Are the Duties of the DFSA?

The Dubai Financial Services Authority (DFSA) is run within the Dubai International Financial Center (DIFC) and by the Dubai International Financial Center (DIFC), a financial freedom zone established by the Dubai International Financial Center (DIFC) specially established in Dubai. DFSA is an independent regulator of financial services. DFSA’s regulatory obligations include collective investment funds, securities, asset management, banking and credit services, custody and trust services, international exchanges, commodity futures, insurance, Islamic finance, crowdfunding platforms, and international commodity derivatives trading. DFSA is responsible for enforcing the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) legislation applicable within DIFC, in addition to regulating financial and ancillary services.