pc
nid 92237
Apr 28, 2026
kgurnani@vixio.com
Dubai
Dubai Financial Services Authority
financial services
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1470 charsDubai Financial Services Authority Releases Consultation Paper on Miscellaneous Changes
On 27 March 2026, the Dubai Financial Services Authority (DFSA) released Consultation Paper No. 171 (CP 171) – Miscellaneous Changes for public consultation.
The consultation paper addresses miscellaneous amendments to the DFSA's regulatory framework. While specific details of the proposed changes are contained within the consultation paper itself, this release invites stakeholders to submit feedback on the proposed modifications to DFSA rules and guidance. The consultation is open to all interested parties, including financial services firms, industry associations, and other market participants operating within the Dubai International Financial Centre (DIFC).
The DFSA is seeking comments from the financial services industry and other stakeholders to ensure that any regulatory changes are appropriately calibrated and take into account the views of those affected by the rules. This consultation process forms part of the DFSA's broader regulatory development and policy-making framework.
The deadline for submitting comments on CP 171 is 26 April 2026. Responses should be submitted through the DFSA's consultation portal or via the methods specified in the consultation paper. The DFSA will review all feedback received during the consultation period before finalising any proposed amendments to its regulatory framework.
**Reference:**
Dubai Financial Services Authority. Notice of Consultation Paper Release: CP 171. Available at: https://www.dfsa.ae/
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1504 charsDubai Financial Services Authority Releases Consultation Paper on Miscellaneous Changes to Prudential and Conduct of Business Modules
On 27 March 2026, the Dubai Financial Services Authority (DFSA) released Consultation Paper No. 171 (CP 171) – Miscellaneous Changes for public consultation. It proposes a series of technical and operational updates to the DFSA Rulebook, primarily focusing on the Prudential – Investment, Insurance Intermediation and Banking (PIB) and Conduct of Business (COB) modules.
The key themes of of the consultation include:
1. Shift Toward Proportionality in Capital Requirements (PIB): The paper proposes moving from daily to monthly metrics for calculating certain components of the Annual Based Capital Requirement (ABCR). This is intended to reduce the administrative burden on firms while maintaining regulatory oversight. However, daily monitoring remains required for specific risks, such as K-factors related to Client Orders Handled (K-COH).
2. Updates to Client Money Framework (COB): The consultation suggests technical corrections to the client money reconciliation framework. A notable proposal is the removal of the trade settlement date requirement for certain client money processes, aimed at streamlining operations for firms handling client funds.
The consultation is primarily relevant for authorized firms, compliance officers, and finance teams operating within the Dubai International Financial Centre (DIFC).
Companies can send comments online by clicking here by 27 April 2026. Changes to the COB will be effective on 1 May, and changes to the PIB will be effective on 1 July 2026.