Following consultations with practitioners, Dubai’s regulators have come to a conclusion on adjustments of what it defines as a “professional client”, resulting in a give-and-take exercise. Firstly, the Dubai Financial Services Authority (DFSA) has raised the asset threshold from US$500,000 to US$1 million, effective as of April 1 in 2016—a move that falls in the line with the industrywide definition…
Have a confidential tip? Get in touch [email protected]