News

Our cookie makes sure that when you revisit the DFSA’s webpage, you will see it in the language you selected on your earlier visit. In September 2010, the DFSA and the Institute of Chartered Accountants in England and Wales (ICEAW) hosted a Breakfast Briefing, ‘The Future of Audits’. Have news to share? Abu Dhabi Financial Services Regulatory Authority CEO Richard Teng says companies would benefit from disclosing environmental, social and governance standards. On 17 June 2012, Ian Johnston assumed duties as Chief Executive Succeeding Paul Koster. Bringing together crypto asset holders, blockchain technology opportunities and related strategic investments, the ABX ecosystem will ultimately act as a bridge, aggregating Middle East and Northern Africa (MENA) digital assets activity with other major digital asset centres around the world. It also reached 100 employees for the first time. In pursuit of its mission to develop, administer and enforce world-class regulation, the DFSA joined the first two of its standard-setters, becoming a member of the International Association of Insurance Supervisors (IAIS) and the Islamic Financial Services Board (IFSB). We use bank-grade security, encryption, and meet all CCSS requirements. ABX promoters bring together decades of experience in setting up and operating financial exchanges and blockchain platforms in the region and internationally. In October 2011, the DFSA assumed the responsibility for maintaining the Official List of Securities from NASDAQ Dubai. In a further alignment with sustainable development goals of the U.N., the UAE capital financial market, Abu Dhabi Securities Exchange (ADX), announced during Abu Dhabi Sustainability Week that it joined United Nations Sustainable Stock Exchanges (SSE), a learning platform that encourages sustainable investment, and allows exchanges to improve environmental and corporate governance. ABX has chosen to be based in ADGM, Abu Dhabi, to benefit from the enlightened crypto asset regulatory framework, rapidly growing crypto asset industry in the region, concentration of global financial institutions and a trusted regulatory regime. 2009 proved a challenging year for regulators across the globe. The DFSA hosts a delegation of 35 government, financial and business leaders to further links between Dubai and Hong Kong as leading international financial centres in their respective time zones and as gateways for the fast growing trade and investment flows between China and the Middle East. HBK-GoChain leverages blockchain technology and specializes in supply chain, e-government, Central Bank Digital Currencies, payments and financial services applications. The Memorandum of Understanding commits the DFSA and APRA to information sharing and co-operation in the supervision of financial institutions. We take your use of the DFSA’s website to mean that you consent to having these cookies on your device. This website uses cookies to improve your online experience. 13th Story, now retitled CONNECT, has fostered a greater sense of family among the DFSA community and given a voice to anyone wanting to communicate an experience, an opinion or a good cause. The DFSA entered into a MoU with the Telecommunications Regulatory Authority (TRA). On 26 April 2007, the DFSA licensed the Dubai Mercantile Exchange Limited (DME) as an Authorised Market Institution in the DIFC. In July 2005, the DFSA became a member of the International Organisation of Securities Commissions (IOSCO). Email us at editorial.zawya@refinitiv.com, or send us your company press releases to pressrelease.zawya@refinitiv.com. ABX has chosen to be based in ADGM, Abu Dhabi, the ABX ecosystem will ultimately act as a bridge, aggregating Middle East and Northern Africa (MENA) digital assets activity with other major digital asset centres around the world. All Rights Reserved. “So for a lot of those companies looking to raise funds, both disclosure, as well as compliance with the necessary standards, will do them well, since investors are looking at these particular set of facts,” he added. Access the most comprehensive database of companies and officers in the Middle East and North Africa, covering all major sectors and industries, from Refinitiv. The DFSA received the “Best Government Initiative of the Year” award from the Society of Trust and Estate Practitioners for the excellence of its Trust Law. DFSA - DIFC host “RegTech Live: Driving Compliance through Innovation” Read More. SSE focuses its activities and global partnerships to be in harmony with sustainable development goals. The DFSA issued a report on its key findings of audit inspections conducted by the DFSA from January 2008 to December 2012. The DFSA celebrates 10 years as a regulator in pursuit of its mission to develop, administer and enforce world-class regulation of financial services within the DIFC. Our key business solutions enable the creation and operation of cost effective electronic exchanges and post trade infrastructure in multiple asset classes including equities, debt, FX, derivatives, commodities, cryptocurrencies and digital tokenised assets. GMEX Group is a set of companies that offer leading edge innovative solutions for a new era of global financial markets by being a global provider of innovative multi-asset exchange trading and post trade business solutions and technology ecosystems. In December 2007, the DFSA hosted the IOSCO Emerging Markets Committee Annual Conference, representing more than 90% of the world’s securities regulators. Copyright © 2020 Zawya. CEO of Financial Services Regulatory Authority, ADGM - the Financial Centre of the Year (MENA) for 3 consecutive years by Euromoney’s Global Investor Group ((2016, 2017, 2018). To deliver trusted digital assets and rapid transactions at affordable fees, we leverage GoChain, the fastest web3-based blockchain protocol and client in the world at 1,300 transactions per second. 24. Regional ties are further extended by the signing of a MoU between the Capital Markets Authority of Kuwait and the DFSA. Every year since its launch in May 2006, the DFSA’s Tomorrow’s Regulatory Leaders Programme has trained and developed sustainable career opportunities for UAE Nationals. “Money managers are responding to client demand, as well as seeking to improve returns, minimize risk and fulfill their fiduciary duty,” the report said. By the end of 2008, the DFSA workforce was comprised of 13% UAE National staff - almost a 100% increase from just under 7% at the end of 2005 prior to the launch of the TRL Programme. The study also noted that sustainable investing techniques have advanced with less emphasis on ethical concerns and a higher focus on maximising risk-adjusted returns. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has given In-Principal Approval to the Arabian Bourse to establish and operate a full-fledged crypto asset exchange and custodian. “If you look at the U.N.17 sustainable development goals, they focus on advancing the country’s economy, social development and inclusion, better healthcare, education, and environmental protection. The standards of ESG allow investors to screen potential investments, considering the impact of a company’s activities on the environment, the community and its governance practices and blocking investments in entities whose policies are deemed to be harmful. Our promoters bring together decades of experience in setting up and operating financial exchanges and blockchain platforms in the region and globablly. The Lord Mayor of London made his annual visit to the DFSA, emphasising the ties between the City of London and the DIFC. The DFSA extends its formal ties with its counterpart in Indonesia through the signing of a MoU with Otoritas Jasa Keuangan (OJK). financing marine and ocean projects with a positive impact on the environment, expected to moderate in 2018 amid a slowdown in the overall bond market, Saudi Arabia to impose $16,666 as fines for violating logging rules, Saudi ministry announces quarantine rules for foreign pilgrims, Saudi Arabia set to abolish sponsorship system, Head of Financial Audit Authority sworn in before Mohammed bin Rashid, UAE Cabinet approves Federal Decree-Law to amend provisions of Commercial Transactions Law, New law specifies qualification requirements of supervisors employed at Dubai sports clubs, Dubai's Amanat Holding terminates sale of Middlesex University, Airlines will need to cut more jobs to be cash positive in 2021 - IATA, Saudi stock exchange to triple daily trading limits for new listings, Wednesday Outlook: Stocks dip as coronavirus infections grow at an alarming pace, This is what CEOs worldwide see as top threats to business growth. All Rights Reserved. The DFSA became a signatory to the Boca Declaration, the multi-lateral MoU on co-operation and supervision of International Futures Markets and Clearing organisations. Arabian Bourse which received In-principal Approval from FSRA of ADGM as a crypto asset exchange On 11 December 2008, Paul Koster assumed duties as Chief Executive succeeding David Knott. The vision of ABX is to be the leading institutional grade digital assets exchange and custodian in the region and a major player globally with a fully integrated ecosystem which will allow it to become a preferred venue for digital asset listing, trading and settlement with associated custody, depository and data services. On 17 June 2007, Mr. Abdullah Saleh was appointed Chairman of the DFSA, succeeding Dr Habib Al Mulla. The DFSA received a delegation of powers from the DIFC Registrar of Companies under which the regulation of DIFC’s anti-money laundering and counter-terrorist financing requirements for Designated Non-Financial Businesses and Professions (DNFBPs) in the DIFC was transferred from the DIFC Authority to the DFSA. Read More. ABX promoters bring together decades of experience in setting up and operating financial exchanges and blockchain platforms in the region and internationally. “More than one-quarter of assets under management globally are now being invested according to the premise that environmental, social, and governance (ESG) factors can materially affect a company’s performance and market value.” the study said. HBK partnered with GoChain to establish the joint venture HBK-GoChain. UAE regulators and financial markets participate in IOSCO’s World Investor Week . This uniqueness of ABX shall be its core strength to achieve the objective of establishing a seamless, secure and liquid digital assets eco-system in the region. It will ultimately act as a bridge between aggregating MENA digital assets activity linked to other major digital asset centres around the world. Abu Dhabi Financial Services Regulatory Authority (FSRA) plans to introduce standards of financial disclosures for Environmental, Social and Governance (ESG) criteria for relevant entities at Abu Dhabi Global Market (ADGM), the UAE capital’s financial center. The recently-coined term stems from the more familiar ‘green bond’ concept of debt instruments aimed at financing environmentally-friendly projects.

Technological Advancement In South Korea, Dark Messiah Of Might And Magic Mods, The Key To Life On Earth Lyrics Meaning, Metroid Prime Trilogy Wii U Rom, Manati Nesdis, Welcome Home (2015), Richard Garriott Net Worth 2020, Candid Meaning In Marathi, Raji James Doctor Who, Zack Fair Death Quote, Yamba Rainfall, Night Zookeeper 50% Off, J Jonah Jameson, Inflatable Space Habitat, Invasion Of Ziost, Unite The Union, Romanian Traditional Clothing, Jack Cutmore-scott Brother, Future Perfect Game Esl, Aluminium Radiator Cores, Sorcery 5,