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.
Under the Law, the DFSA has the power to enforce the Law and Rules that apply to all regulated participants within the DIFC.
The DFSA also administers the Markets Law 2004. This law governs the activities and conduct of financial and market participants.
The DFSA also administers the Law Regulating Islamic Financial Business 2004, the Trust Law 2005, the Collective Investment Law 2006 and the Investment Trust Law 2006.
The DFSA also strives to detect and prevent money laundering activities within the DIFC, and will work closely with the UAE Central Bank in this vital area.