Dubai regulator suspends Red Spear Capital

clock • 1 min read

The UAE regulator, the Dubai Financial Services Authority (DFSA), has suspended the licence of Red Spear Capital (DIFC) for one year, it was announced yesterday. Red Spear had its licence suspended "due to serious concerns about the adequacy of its financial resources," the DFSA said yesterday. The investment company had manifested its "non-compliance" with local regulations, according to the DFSA. In a statement the DFSA said: "The DFSA regularly reminds firms of their requirement to maintain adequate financial resources at all times, and of the importance of dealing with the DFSA...

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?


Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.