The DFSA has signed 92 bi-lateral Memoranda of Understanding with regulators in jurisdictions across the world
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The DFSA Board oversees the DFSA Chief Executive and staff and are appointed by His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, President of the DIFC, for a three year term. The structure has been designed to ensure a transparent separation of day-to-day regulatory activities from the oversight of the DFSA’s regulatory performance. The Board provides governance that is characterised by vigilance, accountability and fairness. Directors are governed by a Code of Values and Ethics that sets out procedures for reporting and managing any potential, perceived or actual conflicts of interest. A copy of the Code is available here.
The Board typically meets six times per year. The Board’s
Committees meet as needed, with most of them meeting two or three times per year. Beginning in 2014, a summary of outcomes for each of the Board meetings is
available, to view please click on the month below:• February 2015• December 2014• October 2014• September 2014• June 2014• April 2014• February 2014The Board currently consists of 10 Directors and all but the Chief Executive are independent non-Executive Directors. The Members of the Board are leading industry, legal and regulatory experts drawn from major international financial jurisdictions.
Members of the Board
• Saeb Eigner (Chairman)• Ian Johnston (Chief Executive) • Fadel Abdulbaqi Al Ali• Abdul Wahid Al Ulama• The Hon Apurv Bagri • Charles Flint QC• Robert L Clarke • Lord Currie of Marylebone • Robert Owen • Dr J Andrew Spindler
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The DFSA refers to the Dubai Financial Services Authority, a body established under Dubai law as the independent regulator of financial services and related activities for the DIFC.