Dubai Financial Services Authority (DFSA) is the independent financial services regulator in the Dubai International Financial Centre.
Amongst other Financial Services, an Authorised Firm can undertake the following Financial Services regulated by the DFSA:
- Managing Assets (category 3C): managing on a discretionary basis assets belonging to another Person if the assets include any Investment or rights under a contract of Long-Term Insurance, not being a contract of reinsurance.
- Managing a Collective Investment Fund (category 3C): being legally accountable to the Unitholders in the Fund for the management of the property held for or within a Fund under the Fund’s Constitution; and establishing, managing or otherwise operating or winding up a Collective Investment Fund.
- Arranging Credit or Deals in Investments (category 4): principal or agent, buying, selling, subscribing for or underwriting an Investment; or making arrangements for another Person, whether as principal or agent, to borrow money by way of a Credit Facility.
- Advising on Financial Products or Credit (category 4): in his capacity as an investor or potential investor, or in his capacity as agent for an investor or a potential investor on the merits of his buying, selling, holding, subscribing for or underwriting a particular financial product (whether as principal or agent); or in his capacity as a borrower or potential borrower or as agent for a borrower or potential borrower on the merits of his entering into a particular Credit Facility.
If the Authorised Firm would invest in other entities as Principal or Agent, it may require authorisation under Categories 2 and 3A:
- Dealing in Investments as Principal (category 2 or 3A depending on the type of investments).
- Dealing as Agent (category 3A).
