report

DFSA FinTech: Fostering Innovation in Financial Services

Issuing bodyDFSA
CountryUAE
RegionDIFC
FinTechInnovationRegulationEconomic Trends

This DFSA report provides an update on the DFSA's activities and outlines broader industry trends, with a focus on fostering innovation in financial services, particularly FinTech. It highlights the DFSA's strategy for the next two years, emphasizing delivery, sustainability, and engagement, and discusses the growth of the regulated population and the aggregate balance sheet of firms regulated by the DFSA.

Key requirements
  • Firms must adhere to DFSA regulations as the scale of regulated activities in the DIFC increases.
  • Firms must comply with the DFSA's framework for crowdfunding.
  • Firms must comply with the DFSA's framework for the Innovation Testing Licence.
Applies to: Authorised Firms, Registered Auditors, and Designated Non-Financial Businesses and Professions (DNFBPs) regulated by the DFSA in the DIFC.
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