The DFSA is now by law a fully independent statutory authority (and has been since September 2004). Despite the inferences made in Mr Hay Davison’s account, the creation of this legal framework (involving changes to the UAE Constitution, Federal Decree and Dubai Decree) was always intended but was a complex matter that took time to implement.
The DFSA is accountable directly to the government and not to the DIFC.
Our funding is assured by law and provided directly by the government.
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