On financial services, the final political declaration contains essentially the same three points as in last week’s outline political declaration (the implications of which were discussed in our blog post of 15 November, available here), although there is some limited further clarification. The three points on financial services are copied below with new substantive additions underlined: Continue reading
Tag: Financial Services Regulation
A round-up of key legal and regulatory developments in the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman and Saudi Arabia
Overview and review of 1st half of 2016
The first half of 2016 has seen a significant amount of activity from regulators in the Middle East. A real commitment to the protection of investor's rights and the stability of financial markets in the region has been evidenced by regulatory activity including the review and revision of existing regulatory rules so as to clarify legal obligations and close off potential loopholes that authorised firms may rely on to avoid regulatory action.
On 26 December 2012, the Monetary Authority of Singapore (“MAS”) issued a consultation paper relating to proposals to amend the Securities and Futures (Offer of Investments) (Collective Investment Schemes) Regulations 2005 (the “CIS Regulations”). A copy of the consultation paper can be found here.