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...

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?