- Posts in April, 2020
This edition includes - DFSA Implements Changes to the SME Listing Regime, ADGM Launches Support Measures for Registered Businesses to Counter the Impact of COVID-19, UAE Central Bank Issues Regulation on Dormant Accounts, FCA and PRA Provide COVID-19 Guidance for Firms, Swedbank Fined $397 Million Over Anti-Money Laundering Measures.
This edition includes - FCA Information for Firms on Coronavirus Response, FCA’s Speech on Cryptoassets, Financial Regulation and Preventing Financial Crime for Digital Assets, COVID-19 Regulatory Reporting Amendments, ESMA Statement on COVID-19.
The DFSA has announced its own initiative to provide significant assistance and regulatory relief for the financial services community in the DIFC. This initiative is aimed at helping new applicants to complete the application process as well as giving a certain amount of relief from some of the DFSA regulatory requirements to existing DFSA regulated firms.
The ADGM has announced its business support measures for all ADGM registered entities. These initiatives aim to assist in not only safeguarding the health and safety of the ADGM community but also in mitigating the economic impact posed by the COVID-19 global outbreak and come into immediate effect with many of them lasting for up to 12 months. This update sets out the key aspects of the initiative and who will benefit from them.
The DIFC Authority has announced its “business stimulus initiative” to assist companies with the financial challenges posed by the COVID-19 global outbreak. This update sets out the key aspects of the initiative and who will benefit from them.