Published: 10/17/2006 12:00 AM (UAE)
DFSA gives licence to 100th firm
Dubai: The Dubai Financial Services Authority (DFSA) licensed its 100th regulated firm in the DIFC last week. The licensed entities comprise 78 authorised firms and 22 ancillary service providers.
Authorised firms are granted a licence to conduct financial services in or from the DIFC.
Ancillary service providers are granted a registration to carry out ancillary services in or from the DIFC; they provide legal and accountancy services.
"To have reached this milestone within such a short time has exceeded everyone's business plans and expectations," said David Knott, DFSA Chief Executive.
The regulated financial services sector within the DIFC works alongside many other registered enterprises which, taken together, constitute the DIFC community.
There are now more than 270 licensed and registered firms within the DIFC.
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