The Dubai Financial Services Authority (DFSA) has closed a loophole that allowed the advertising of unlicensed services.
Under the new rules, financial services can be promoted in or from the Dubai International Financial Centre (DIFC) only by companies regulated by the DFSA or another UAE federal authority.
While previously the DFSA policed the offering of all financial services in the DIFC, a loophole meant the communications used to market products were unregulated.
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