Dubai Financial Services Authority
Consultation Paper No 173 – Proposals to Enhance the DFSA's Collective Investment Funds Framework
DFSA's most substantial funds-framework review since 2010: proposes risk-based fund classifications replacing rigid private fund categories, clarifies dealing/arranging as integral to investment management licences, removes the external fund manager regime, updates master-feeder eligibility, expands employee investment options, and seeks preliminary views on tokenised fund units and a retail long-term investment fund regime. Affects CIR, GEN, GLO, FER, IFR and MKT modules.
What firms should do
Yes — review fund structuring, licensing scope and master-feeder arrangements against proposed changes; consider responding by 7 Sep 2026
- Regulator
- Dubai Financial Services Authority
- Type
- Consultation Paper
- Status
- Consultation Open
- Published
- 7 Jul 2026
- Consultation closes
- 7 Sept 2026
- Reference
- CP No. 173
- Topic
- Fund Management
- Impact
- High
Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.
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