Dubai regulator suspends RCL for non-compliance

Pedro Gonçalves
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Dubai regulator suspends RCL for non-compliance

Dubai's financial regulator has suspended the licence of Rasan Capital Limited (RCL) for a period of 12 months due to "serious concerns about the adequacy of its financial resources, its non-compliance with DFSA rulebook requirements, and its failure to keep the DFSA informed and notified of such integral matters." The Dubai Financial Services Authority (DFSA) explained that the decision was issued with the aim of protecting direct and indirect users of the financial services industry in D...

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