Blog

The HOLT consultancy blog is where you can read about HOLT consultancy news and CSR activity, DFSA updates including changes to DFSA Rulebooks, DFSA consultation papers, compliance how-to guides and other compliance news and advice. Visit often for updates or sign up to our newsletter. We also post our updates on LinkedIn. Follow us at https://www.linkedin.com/company/holt-consultancy-llc

Mar
05
DFSA Licence Changes

DFSA Licence Changes

On 21st June 2016, the DFSA issued Consultation Paper 106 on the Regulation of Arranging, Representative Office Activities and Financial Promotions.   One of the outcomes of the Consultation Paper was the introduction of a new Financial Service relating to credit and a related amendment to two other existing Financial Services, all effective from 1st February 2017.   Financial Services up to 31st January 2017 Financial Services with effect from 1st February 2017 Arranging Credit and Deals in Investments Arranging Deals in Investments Advising on Financial Products and Credit Advising…
Feb
14

Why Start-up Fund Managers Should Consider the DIFC (Qualified Investor Funds)

14 Feb 2017
The Dubai Financial Services Authority (DFSA) first introduced its Collective Investment Funds regime in 2006. The regime was designed to meet international standards for regulation and, where required, to provide adequate investor protection. It therefore provided a facilitative, business-friendly regulatory framework, while remaining compliant with the International Organisation of Securities Commission’s (IOSCO) principles for regulating collective investment schemes.   Types of Funds   The DFSA Funds regime includes the following types of funds:   Type of Fund Public Funds…
Feb
13
5 reasons to love your Compliance Officer

5 reasons to love your Compliance Officer

A qualified expert who understands the laws, rules and policies administered by the Dubai Financial Services Authority (DFSA). Helps to protect your reputation by providing compliance support on an ongoing basis. Ensures employees and senior management understand their responsibilities through regulatory training and regular updates. Establishes and maintains effective monitoring, systems and controls to mitigate risk. Keeps senior management informed about regulatory changes, the operating environment and hot issues.   If you would like to discuss our Compliance Officer / Money Laundering…
Feb
12
Corporate Social Responsibility: Realising Your Potential

Corporate Social Responsibility: Realising Your Potential

Ben Holt, CEO of HOLT consultancy, based in the DIFC, spoke at a special event on Thursday 9th February 2017 at the Kings’ School Al Barsha focused on ‘Realising Your Potential’.    Ben was invited as a guest speaker to share his insight and own experience of running a business and share his story to success. The aim was to broaden students' horizons and get them thinking about their future.   Corporate Social Responsibility is important to HOLT consultancy and we welcome your ideas to help us give back to the community.   The HOLT consultancy team can…
Feb
09
Who is the Dubai Financial Services Authority?

Who is the Dubai Financial Services Authority?

The Dubai Financial Services Authority (DFSA) is the independent regulator of financial and ancillary service provider firms based in the Dubai International Financial Centre (DIFC) in the United Arab Emirates.   Financial services include the following:   Asset management Banking Credit services Advisory services Managing collective investment funds Custody and trust services Trading Insurance related activities Operating an exchange   The DFSA carries out the following activities:   Authorises firms who wish to provide financial or ancillary services in or from the DIFC and…
Jan
24
Are you operating within the scope of your Dubai Financial Services Authority Representative Office licence?

Are you operating within the scope of your Dubai Financial Services Authority Representative Office licence?

Considering upgrading to a Category 4 licence?   A Representative Office (Rep Office) undertaking activities outside of the scope of its licence might be in breach of Article 42(4) of the Regulatory Law and the DFSA could take appropriate regulatory action if it considers a breach has occurred including withdrawing authorisation or taking formal enforcement action.   Rep Office licence holders are permitted to market one or more financial services or financial products which are offered in a jurisdiction other than the DIFC by a related party i.e. its head office, another branch of the…
Jan
22
Setting up a regulated entity in the DIFC

Setting up a regulated entity in the DIFC

The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia.   It is a financial free zone established by the United Arab Emirates Federal Decree No. 35 of 2004 and defined in Federal Law No. 8 of 2004.   The DIFC has over 1500 active registered firms and hosts regulated and non-regulated entities.   These include: Designated Non-Financial Businesses or Professions (DNFBPs) including lawyers and accountants. Representative Offices. Non-regulated entities including restaurants and cafes, gyms, printers, couriers and more. Regulated…
Jan
15
Who is HOLT consultancy?

Who is HOLT consultancy?

HOLT consultancy is an award winning professional compliance and risk management service provider with an excellent reputation.   It was established in 2012 and is based in Dubai International Financial Centre.   Vision   "To be the premier choice for companies when selecting a professional compliance and risk management service provider"   Mission   "To develop our client's business through premier quality and expert execution by focusing on their needs and providing business solutions. We strive to offer a service that exceeds expectations through…