Regulatory updates
New rules, circulars, consultations and notices from UAE regulators, each summarised with who is affected and what to do. Collected by Arakan Lexara from the regulators' own websites.
Arakan Lexara Weekly
The week's changes, what they mean and the deadlines ahead. Every Monday, free.
The Financial Services Regulatory Authority (FSRA) issued a statement regarding a security incident involving Binance. This announcement is crucial for firms dealing with cryptocurrencies as it highlights potential vulnerabilities and the importance of robust security measures.
ADGM has published new guidance on crypto mining, making it the first international financial centre in the region to do so. This guidance aims to provide clarity and regulatory oversight for firms involved in crypto mining activities, ensuring compliance with ADGM's regulatory framework.
Updates are found automatically on regulators' websites and summarised by AI. Check the official source before relying on any item.
Past weekly briefingsThe ADGM Registration Authority has imposed financial penalties totaling USD 88,000 on MCA Auditors and its Registered Audit Principal due to audit failings. This enforcement action underscores the importance of adhering to audit standards and the consequences of non-compliance.