The Dubai Financial Services Authority (DFSA) authorised 61 new firms in H1 2024, up 22% from the same period in 2023. This brought the total number of regulated entities to 837. The wealth management sector saw a 62% increase in authorised entities.
The DFSA supported the growth of the capital markets in the DIFC, which remains the world’s largest ESG sukuk market and the second-largest listed sukuk market after Dublin, with values of $16.6 billion and $90.9 billion, respectively. The Centre hosts 199 securities on its official list, valued at $166.3 billion, including 43 ESG securities worth $28.6 billion listed on Nasdaq Dubai, the regulator said in a statement.
The DFSA issued six consultation papers on topics including crypto regulation and crowdfunding. The regulator took one enforcement action and issued nine public alerts to consumers and the financial community about various scams. It also published reports on firm disclosures, brokerage, private banking, and liquidity coverage ratios.
The DFSA engaged in outreach sessions and participated in over 20 public speaking events. It continued to strengthen relationships with global and regional regulatory bodies.