UAE Regulators Introduce Passporting Regime | DIFC Passporting Regime PART 1

The Emirates Securities and Commodities Authority (ESCA), the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Dubai Financial Services Authority (DFSA) which regulates the Dubai International Financial Centre (DIFC) will introduce a new passporting facility, designed to allow any funds licensed by one of the authorities to be sold across the UAE. This facilitative regime, and its relevant legislation and rules, will complement the existing regime for domestic funds and also support the growth of the UAE funds market in general.