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Tuesday, 11 April 2017

Goldman registers mutual funds for UAE retail investors | The National

Goldman registers mutual funds for UAE retail investors | The National:

"Goldman Sachs Asset Management (GSAM) has become the first asset manager to directly register foreign investment funds for retail investors in the UAE, taking advantage of mutual funds regulations introduced last year.

The Securities and Commodities Authority (SCA) introduced revised regulations in July last year authorising asset managers to register foreign mutual funds for distribution by approved local partners.


The new regulations pare down the requirements for registering foreign funds for distribution within the UAE, with registration previously carried out by local distributors case by case."



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