The Dubai Financial Services Authority (DFSA) last week issued a Consultation Paper setting out proposals to enhance the clarity and accessibility of the Islamic finance rules of the Dubai International Financial Centre (DIFC).
Consultation Paper No.66, which is posted on the DFSA website, seeks public comment on the proposed restructuring of the Islamic finance rules and also on a web-based "virtual handbook." These proposals aim to better promote the visibility and accessibility of the DFSA’s regulatory requirements that apply to Islamic financial activities which are currently contained in a number of DFSA Rulebook modules. The proposals do not contain any substantial changes to the existing requirements.
Paul Koster, Chief Executive of the DFSA, commented, “The DIFC aims to be the leading international center for Islamic finance. The DFSA has put in place a first-class regulatory regime based on international standards. In line with our commitment to transparency and efficiency, we are now making that regime more accessible, and easier for the industry to use, so that Islamic finance can grow and prosper here.”
Comments on the consultation paper are welcome until December 10, 2009.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment