UAE regulator outlines landmark commissions cap

clock • 3 min read

The UAE Insurance Authority (IA) has finally issued new regulations relating to life insurance and family takaful insurance which will introduce a 4.5% commission cap on the sale of lump sum portfolio bonds or offshore bonds. The landmark legislation - which has been mooted across the last four years - has now been signed but it still needs to go through the Official Gazette after which there will be a six-month implementation period for it to take effect. The final draft is similar to ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Author spotlight

Gary Robinson

Gary has thirty years experience in financial services, originally as a financial adviser, then financial journalist and videographer