Featured Product

    Dubai FSA Invites Applications for Regulatory Sandbox Winter Cohort

    October 09, 2019

    Dubai FSA is inviting applications from local and international firms to apply to join the 2020 regulatory sandbox Winter cohort. Firms must provide a clear explanation of their planned business model and the proposed innovative product or service. Firms can apply between November 01, 2019 and November 30, 2019. Firms accepted into the Winter Cohort will be announced on December 16, after which they are required to submit an Innovation Testing License (ITL) application by January 17, 2020.

    The ITL Program enables firms to test innovative solutions in and from the Dubai International Financial Center or DIFC. Since the inception of the ITL Program in 2017, Dubai FSA has accepted 20 companies into the cohort process, representing diverse business models from across the world. Such diverse business models included digital Sukuk issuances using smart contracts, tokenized securities and debt offerings, tokenized crowdfunding, and the use of artificial intelligence in credit analysis. The program provides firms with temporary flexibility to test and develop concepts within a test environment without being subject to the full suite of regulatory requirements that normally apply to regulated firms. 

     

    Related Link: Press Release

    Keywords: Middle East and Africa, Dubai, Banking, Artificial Intelligence, Fintech, Regulatory Sandbox, Regtech, Dubai FSA

    Related Articles
    News

    MAS Amends Notices on Residential Property Loans

    MAS published amendments to Notices 632, 632B, 645A, 825, 825B, 831A, 1106B, and 1115A related to the residential property loans in Singapore.

    April 07, 2020 WebPage Regulatory News
    News

    US Agencies Announce Changes to CBLR Framework in Light of COVID-19

    US Agencies (FDIC, FED, and OCC) issued two interim final rules that make changes to the community bank leverage ratio (CBLR) framework and implement Section 4012 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

    April 06, 2020 WebPage Regulatory News
    News

    BoE Publishes Version 2.0.0 of Capital+ XBRL Utility

    BoE published version 2.0.0 of the Capital+ XBRL Utility, along with the related release notes.

    April 06, 2020 WebPage Regulatory News
    News

    ECB Updates Documentation on SHS Reporting by Banks

    ECB updated the documentation for banking groups subject to direct reporting of Securities Holdings Statistics Group (SHSG) data to ECB.

    April 06, 2020 WebPage Regulatory News
    News

    HKMA Announces Initiative to Support SMEs Amid COVID-19 Outbreak

    HKMA issued a circular on a 100% Loan Guarantee Product under the Small and Medium-Sized Enterprise (SME) Financing Guarantee Scheme.

    April 06, 2020 WebPage Regulatory News
    News

    CBUAE Announces Relief Measures to Address Impact of COVID-19

    CBUAE has announced a number of measures to support the economy amid COVID-19 outbreak and these measures will enter into force with immediate effect.

    April 05, 2020 WebPage Regulatory News
    News

    EC Approves State Aid Schemes in the Context of COVID-19 Outbreak

    EC approved German, Greek, Maltese, Polish, Portuguese, Spanish, and Swedish State aid schemes to support the economy in the context of the COVID-19 outbreak.

    April 04, 2020 WebPage Regulatory News
    News

    PRA and FCA Issue Statement on SM&CR Expectations During COVID Crisis

    PRA and FCA published a statement that sets out their joint approach to the Senior Managers and Certification Regime (SM&CR) for dual-regulated firms in light of the COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    News

    EC to Finalize Digital Finance Strategy Later This Year

    EC launched consultations on digital finance and retail payments in EU.

    April 03, 2020 WebPage Regulatory News
    News

    HKMA Announces Liquidity Measures in Response to COVID-19 Outbreak

    HKMA issued a circular on liquidity measures that HKMA has taken or plans to take in response to COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4952