The DIFC is a Financial Free Zone within the UAE with its own civil and commercial laws as well as its own financial services regulator, the Dubai Financial Services Authority (DFSA).
Correspondingly, who regulates DIFC?
The DFSA is the independent regulator of financial services conducted in or from the DIFC, a purpose-built financial free zone in dubai, uae.
Beside above, what does the DFSA do? DFSA Role. The DFSA administers the Regulatory Law 2004, which is the cornerstone legislation of the regulatory regime. The Law establishes the constitution of the DFSA and enables the creation of the regulatory framework within which entities may be licensed, authorised, registered and supervised by the DFSA.
Also, is DIFC a jurisdiction?
The DIFC Courts have no jurisdiction over criminal matters and all criminal matters continue to be referred to the Dubai Police. The DIFC Courts also have no jurisdiction over family and matrimonial matters.
What is the DIFC law?
It is a Financial Free Zone defined in Federal Law No. 8 of 2004, as an independent jurisdiction within the UAE, DIFC is empowered to create its own legal and regulatory framework for all civil and commercial matters.
