Sunday 1 April 2012

Reform in the works with new market laws - The National

Trading is poised for significant reforms in the months ahead, even though many of the major changes to the UAE's market structures remain works in progress.

The changes include new rules meant to improve the Emirates' chances of securing a long-anticipated upgrade by the index compiler MSCI to "emerging market" status.

The next few months are expected to involve sweeping changes in market regulation, with new rules from the Dubai Financial Services Authority (DFSA) said to be imminent.

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