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Regional roundup: Middle East and Africa

News Team, 05/11/2019

A look at the top stories from the Middle East and Africa.

The Dubai International Finance Centre (DIFC) Authority has issued the Financial Collateral Regulations and Security Regulations which took effect on 31 October 2019.

The regulations are issued under the Companies Law, DIFC Law No. 5 of 2019 and repeals and replaces the former Special Purpose Company Regulations.

Under the new regime, existing DIFC structures such as Intermediate Special Purpose Vehicles (ISPVs) and Special Purpose Companies (SPCs) will now be classified as Prescribed Companies. The Prescribed Company Regulations expan...


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