gulfnews : DIFC laws amended as new higher board appointed

A series of amendments to laws relating to the Dubai International Financial Centre (DIFC) were announced on Wednesday as a new Higher Board was appointed.

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday issued a law amending some bylaws of DIFC Law No 9 of 2004.

The law states that DIFC will have a higher board that will be chaired by the DIFC President and include members with proven local and global expertise, capabilities in the field of financial services, banking, insurance and securities exchange.

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