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The DFSA issued its Hedge Fund Code of Practice, the first of its kind to be issued by a regulator.

Registration Timeline

If the application is complete and the application fee has been paid, we will normally process your application within 7 business days of receipt. This timing is indicative only. The time taken to process your application will depend on the timely submission of information and response to any requests for further clarification.
 
A successful application will result in the DFSA issuing you an in-principle letter which will allow you to complete the DIFC Registrar of Companies process.

We will then issue you with your DFSA Registration Notice once you can evidence that you have successfully registered with the Registrar of Companies, your Anti-Money Laundering Officer has successfully located to the UAE (if not already in the UAE) and you have met any other outstanding matters.