DFSA to shake up rules to attract more fund managers

Dubai is moving to attract a bigger share of the regional funds industry as the emirate seeks to boost its appeal as an international financial centre.

The Dubai Financial Services Authority (DFSA), which regulates the Dubai International Financial Centre (DIFC), has set up a panel to review its rules to make the DIFC more attractive for investment managers and potential international investors.

Paul Koster, the chief executive of the DFSA, said: “The panel will take this opportunity to shape the funds regime in a way that best serves the needs of the industry and investors as well as continuing to promote the DIFC as a centre of excellence in funds management.”