VOL. XLV

No 47

25-November-2002

DUBAI

DIFC Establishes Legal And Regulatory Blueprint

The Dubai International Financial Center (DIFC) announced on 10 November that it had published a legal and regulatory blueprint to govern its activities. The draft document includes the constitution of the Regulatory Authority, the scheme of delegation within the Regulatory Authority, a Financial Exchange Law and the screening criteria for the licensing of DIFC participants. In addition, drafting of various...