Brief Overview:

The DFSA is the independent regulator of financial and ancillary services conducted in or from the DIFC, responsible for managing or distributing Collective Investment Funds (Funds).

Fund Types;

Dubai Exempt Funds

Exempt Funds replaced the Private Funds regime. Exempt Funds are open only to Professional Clients. Minimum subscription of USD $50,000 each. Such Funds can only have 100 or fewer Unitholders and cannot be offered to the public – distribution being only by way of private placement.

Exempt Funds enjoy a fast-track registration process and attract lower regulatory requirements than a Public Fund, which is open to retail investors.

Dubai Public Funds

Public Funds are open to retail investors, and can be marketed by way of public offer. They are highly regulated including publication of prospectus and requirement to constitute fund management by a three member oversight committee or by the Trustee or Eligible Custodian of the Fund.