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

Regulatory Appeals Committee

The RAC functions as an internal appeal mechanism from the DFSA Executive’s regulatory decisions to ensure procedural fairness, objectivity and transparency.

The law empowers the RAC to conduct a full merits review of Executive decisions under appeal. Decisions of the RAC may be reviewed by the DIFC Courts by way of judicial review on a point of law.

Please click on the below for full details of RAC Decisions made in 2012:
Capital Investment International Ltd (CII UAE) - Notice of Decision
Mr Odhaid Saeed Al Mansouri - Notice of Decision
Mr Husam Al Ameri - Notice of Decision
Capital Investment International Ltd (CII UAE) - Order Regarding Costs and Publication
Mr Odhaid Saeed Al Mansouri - Order Regarding Costs and Publication
Mr Husam Al Ameri - Order Regarding Costs and Publication