The DIFC Academy, in collaboration with DWF, presents a comprehensive CLPD DIFC Mandatory course on Navigating DIFC Financial Regulations: A Comprehensive Guide to Compliance and Governance.
This comprehensive course offers in-depth insights into the DIFC financial regulations, focusing on compliance and governance across key sectors, and provides an overview of the DIFC jurisdiction.
Participants will gain a solid understanding of the regulatory approach, frameworks governing financial institutions, licensing requirements and enforcement mechanisms. This session will also outline of the DFSA business plan and current themes and priorities.
The course also covers best practices for ensuring compliance, managing risks, and staying updated on evolving regulatory trends in the UAE financial landscape.
LEARNING OBJECTIVES:
- Understand the DIFC Regulatory Framework:
- Define the role and significance of the Dubai International Financial Centre (DIFC) and its regulatory bodies, including the DFSA and DIFC Courts.
- Identify key regulations governing the DIFC, such as DIFC Companies Law and Data Protection Law, and their impact on business operations.
- Comprehend Licensing and Regulatory Requirements:
- Explain the licensing process for financial institutions and the regulatory obligations businesses must meet to operate in the DIFC.
- Outline the key principles of prudential regulation and conduct of business rules for DIFC-regulated entities.
- Interpret the DFSA’s Priorities and Approach:
- Summarize the DFSA’s business plan and its regulatory priorities, including emerging trends and areas of focus for supervision and enforcement.
- Understand Enforcement Mechanisms and Compliance Frameworks:
- Discuss the enforcement mechanisms within the DIFC and how the DFSA ensures regulatory compliance.
- Identify essential compliance obligations for financial institutions operating in DIFC.
- Apply Best Practices in Compliance and Risk Management:
- Learn practical strategies for managing compliance risks and implementing effective compliance programs.
- Gain insights into staying updated on evolving regulatory trends and adapting to changes in the UAE financial landscape.
- Navigate Regulatory Challenges in the UAE Financial Sector:
- Recognize current regulatory challenges and opportunities within the UAE financial environment, including the impact of emerging technologies like FinTech and blockchain.
SPEAKER:
Bhavesh Dattani
Partner
Finance & Restructuring
DWF (Middle East) LLP
Bhavesh is a Financial Services Regulatory and Financial Crime Compliance lawyer and compliance advisor.
Bhavesh is a UK qualified lawyer with over 20 years in-house legal and compliance experience in Tier 1 sell-side investment banks and broker dealers including J.P. Morgan, Lehman Brothers, Nomura Securities and British Arab Commercial Bank plc. During his career as a General Counsel and Chief Compliance Officer, Bhavesh has held Senior Management Functions (SMF16 and SMF 17) in the UK and authorised person status with the DFSA (Dubai, U.A.E.), QFCRA (Qatar) and the CMA (Saudi Arabia).
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