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Newsflash: New UAE Fund Regulation

August 2012 - Finance. Legal Developments by Arendt & Medernach.

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On 24 July 2012, the UAE Security and Commodities Authority (SCA) issued its long awaited investment funds regulation. As anticipated the responsibility for the authorisation and supervision of investment funds has been transferred from the UAE Central Bank to SCA. This is the first step towards the setting up of a twin-peaks regulatory model in the Emirates.

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