UAE advisers react to SCA renewals suspension of public foreign investment funds

Mark Battersby
clock • 1 min read

Advisers have reacted to the UAE's Securities and Commodities Authority's suspension of all renewals of foreign investment funds aimed at the public until further notice, as reported by International Investment on Friday 13 January.  Con Lillis, CEO at Abacus Financial Consultants, said: "At Abacus we continue to work closely with our regulator SCA in the UAE and will fully comply with their guidelines and directives. We are awaiting further clarification from the regulator as to the impact of these changes and will keep our clients informed accordingly." While Sean Kelleher, CEO, Mon...

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