VOL. XLVI

No 23

9-June-2003

UAE

REGIONAL BANKING

DIFC Publishes Draft Regulatory Law

The Dubai International Financial Center (DIFC) on 28 May published its Regulatory Law, which lays down the legal framework under which financial operations will be carried out. The law, published for consultation by the DIFC's Regulatory Authority, creates a framework built on the best practice of leading jurisdictions in Europe, North America and the Far East, DIFC said in a statement. The law has been drafted in...