Gulf News (United Arab Emirates), 2 April 2024: The UAE’s Securities and Commodities Authority has approved a rule change which will mean UAE-based individual investors cannot directly subscribe to foreign funds through their bank accounts in the country.

The rule change came into force on 1 April 2024. It is believed the rule change only applies to subscriptions made after 1 April.

According to industry sources, all existing investment commitments can continue.

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