The Emirates’ Securities and Commodities Authority (ESCA) is planning a series of new financial regulations, following the implementation of its new fund regime, Mena FM can reveal.
According to Dr. Ryan Lemand, senior economic advisor and acting head of risk management at ESCA, the regulation plans to draft a series of new rules covering market making, shortselling, securities lending and borrowing and liquidity providing.
Earlier this year, ESCA approved the final draft of its much-anticipated new fund regulations, following the transference of the UAE’s collective investment funds jurisdiction officially transferred to ESCA.
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