In this article we summarise the Dubai Financial Services
Authority's (DFSA) enforcement powers and process, and look at
the latest developments in the DFSA's approach to the
enforcement of its rules and the legislation it administers. We
also summarise the recent and upcoming procedural changes to the
enforcement process.
Introduction
The DFSA's enforcement powers are far reaching, applying not
only to firms and individuals that are regulated by the DFSA, but
also potentially to all firms and individuals who provide or are
involved in the provision of financial services in or from the
Dubai International Financial Centre (DIFC).
The approach the DFSA takes to the enforcement of its rules is
therefore of relevance to all those providing financial or
ancillary services in or from the DIFC.
