The Emirates Securities and Commodities Authority (ESCA), the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Dubai Financial Services Authority (DFSA) have officially introduced a new passport regime for investment funds across the region. This passporting facility aims at facilitating the distribution of funds licensed by each authority across the United Arab Emirates (UAE) and will enable to develop the mutual fund market and diversify products.
The signing Agreement by the three regulators will allow market participants to distribute their domestic funds into the different jurisdictions within the UEA.
Please contact us for more information about this UAE fund passport.