9 May 17
The mutual funds industry in the UAE is still waiting for clarity from the Securities and Commodities Authority (SCA) on its recently introduced registration and promotion systems as another regulator, the Insurance Authority, moves ahead with life company and adviser reforms.
The mutual funds industry in the UAE is still waiting for clarity from the Securities and Commodities Authority (SCA) on its recently introduced registration and promotion systems as another regulator, the Insurance Authority, moves ahead with life company and adviser reforms.
“Once the circulars are issued, the rules are clarified and the processes are developed, my sense is that a lot of previously registered funds will be re-registered and many new funds, including some of those previously provided through life wrappers, will be registered for the first time.
“If things go well and the registration process is streamlined further, I think the net result could potentially be more registered funds being available to UAE-based investors than ever before.”
Tags: Insurance Authority | SCA | UAE
