UAE: Dubai Financial Service Authority Launches Public Consultation on Proposed Amendments to Employee Money Purchase Regime
The Dubai Financial Service Authority have announced they have launched a public consultation on proposed amendments to the Employee Money Purchase Regime. It ends on 17 January 2021. The aim is to address various practical issues the Authority has encountered in administering the regime. Employees of DIFC businesses, DIFC employers, Operators and Administrators of Employee Money Purchase Schemes, persons offering foreign Employee Money Purchase schemes to DIFC employers and employees, life insurers conducting pension fund management, persons conducting other financial services that involve an interest in an Employee Money Purchase Scheme and persons who intend to carry out any of these activities should review these proposals.