FAQ: HEDGE FUNDS IN UAE
1.What is the regulatory framework which regulates Hedge
funds?
There is no distinction between the types of hedge funds
available in UAE however, the law makes a difference between funds
domiciled in the different jurisdiction, which means either in the
Dubai International Financial Center
(DIFC)or within
the UAE, commonly known as the "UAE
Mainland", and in Abu
Dhabi Global Market
(ADGM
).
The laws and regulations governing hedge funds in UAE differ
with the jurisdiction. DIFC and ADGM have their own legislative
framework for regulating hedge funds and other financial
activities. The Laws are as follows:
UAE Mainland
The Federal Law Number 10 of 1980 regarding the Central Bank,
the Monetary System and Organization of Banking
(the Banking Law) is the legislation
giving the UAE Central Bank the authority to regulate financial
services in the country. Subsequent and important pieces of
legislation are as follows:
