A number of regulatory authorities around the world are tightening up on the type of products that can be sold to retail investors as well as the quality of advice given.
The latest authority to strengthen its regulations on financial product promotion is the Dubai Financial Services Authority (DFSA). Advisers and investment managers need to brush up on the increased powers and control over financial services marketing now vested in the DFSA and what action can be taken against those firms which do not comply with its new standards. This latest raft of provisions builds upon the current financial promotion restrictions and prohibitions contained in the Collective Investment Law 2010 and the Markets Law 2004, both of which will continue to apply. Pau...
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