In the interests of simplicity and efficiency, two new DIFC laws
have changed the regulatory requirements for DIFC companies and
registered persons as
Robert Mitchley, Associate at BSA Ahmad Bin Hezeem &
Associates LLP explains.
WHAT'S HAPPENED AND WHY?
"In November 2018, the DIFC enacted several new laws and
regulations which are aimed at reorganising and updating their
existing legal and regulatory framework and establishing a new
regime for companies and businesses registered there,"
Robert Mitchley explains. "Before the enactment of this
new regime, there were various regulatory provisions which applied
unsystematically through the DIFC laws to specific DIFC legal
entities, such as companies, partnerships, non-profit organisations
and Foundations. The aim of the new streamlined regulatory regime
is to unify and adopt a more systematic approach to these
widespread regulatory provisions in order to make compliance with
them and their control and enforcement
