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FINANCIAL NEWS
Dubai eliminates financial loophole
18 Apr 2011
(MENAFN) The Dubai Financial Services Authority (DFSA) Chief Executive, Paul Koster, announced new rules that cover a loophole which had previously enabled the advertising of unlicensed services, reported The National.
Koster said that only companies regulated by the DFSA or another UAE federal authority can promote for financial services and they have to be in or from the Dubai International Financial Centre (DIFC).
The new rule explicitly states that all communications used to market products have to be regulated by the DFSA.
It is worth noting that the new rule would be active by the end of April.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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