The biggest shake up of the United Arab Emirates’ financial services sector will come into effect on 15 April 2020.
Among a host of other changes, BOD49 will see commissions capped and clients given a 30-day ‘free look’ period.
The Ministry of Justice reportedly issued the latest edition of the Official Gazette on 7 November – but dated it 15 October 2019.
The implementation period will begin six months after the publication date, meaning that the legislation will come into effect from the middle of April next year.
