Clifford Chance
The SCA consults on proposals to regulate promotion and arranging activities in the United Arab Emirates
27 September 2016
The United Arab Emirates' (UAE) regulator of investment services, the Securities and Commodities Authority (SCA), is currently consulting on a set of regulations (the FPARs), which would govern the promotion of financial products and the "arranging" of financial services in the UAE outside the financial free zones. The proposals are far-reaching and would impose a heavy regulatory burden. If implemented, the FPARs would affect UAE-based firms, and could bite on firms carrying on cross-border activities into the UAE. In this client briefing, we take a helicopter view of the proposed FPARs and highlight areas of interest or potential impact.
