Marketing Funds

Copyright © 2024 LexisNexis. All rights reserved.

Overview

There are three distinct jurisdictions for marketing funds in the UAE namely onshore UAE, the Dubai International Financial Centre (DIFC), and the Abu Dhabi Global Market (ADGM). The regulatory regimes and the rules governing the marketing of funds vary in each respective jurisdiction.

Definitions

  • ADGM: Abu Dhabi Global Market.

  • AED: Dirham, the lawful currency of the UAE.

  • Applicable regulator: FSRA (for ADGM funds) or DFSA (for DIFC funds).

  • DIFC: Dubai International Financial Centre.

  • DFSA: Dubai Financial Services Authority (of the DIFC).

  • FSMR: Financial Services and Markets Regulations 2015 (ADGM).

  • FSRA: Financial Services and Regulatory Authority (of the ADGM).

  • IOSCO: International Organization of Securities Commissions.

  • SCA: Securities and Commodities Authority (of the United Arab Emirates).

  • SCA Regulations: Securities and Commodities Authority Decision No. 13/RM/2021 On the Rulebook for the Financial Activities and Mechanisms of Status Adjustment.

  • UAE: United Arab Emirates.

Practical Guidance

UAE