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Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Market Moves more

Regulation key to new Abu Dhabi free zone

Posted on 25 April 2013

The newly established Abu Dhabi World Financial Market will need a regulator and lawyers are now asking what form that is likely to take.On Wednesday, The National reported that the UAE had signed into law the creation of a financial free zone for Abu Dhabi on Al Maryah Island.
“This carves a free zone out of a whole host of federal regulations,” said Kai Schneider, a partner at the law firm Latham & Watkins. “As a result you would need an alternative regulator to be in place.”……………………………………….Full Article: Source

 
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