In this episode of The Riffle, we break down the DFSA’s Policy Statement on assessing the fitness and propriety of Authorised Individuals under GEN Rule 7.6.5.
We unpack how the DFSA applies a case-by-case, holistic assessment framework built around three core pillars — integrity, competence and capability, and financial soundness. The episode explores the key conduct, regulatory, employment, and financial factors that may influence an individual’s suitability, while clarifying why adverse findings do not automatically result in rejection.
A clear, practical overview for compliance teams, senior management, and Authorised Individuals navigating DFSA expectations across the DIFC.
🎙️ Presented by 10 Leaves
In this episode of The Riffle, we break down the DFSA’s policy framework for assessing the suitability of Fiat Crypto Tokens and what it means for firms operating in or from the DIFC.
We unpack the DFSA’s expectations around price stability, reserve backing, and governance, including strict requirements on asset quality, liquidity, segregation, and daily valuation of reserves. The episode also explores transparency and accountability obligations, AML regulatory equivalence standards, and the limits of relying on third-party verifications.
We also examine the practical implications for Authorised Firms, highlighting that DFSA approval of a Fiat Crypto Token does not remove a firm’s responsibility to maintain robust systems, controls, and ongoing risk assessments when using these tokens.
If you want a clear, practical summary of how this policy impacts Authorised Firms, compliance teams, SEOs, MLROs, and senior management assessing or using fiat-referenced crypto tokens within the DIFC, this episode delivers the essentials.
Presented by 10 Leaves!
In this episode of The Riffle, we break down the DFSA’s supervisory guidelines on assessing the suitability of Crypto Tokens and what they mean for regulated firms operating in the DIFC.
We unpack the DFSA’s expectations around mandatory suitability assessments, the context-specific nature of these reviews, and the five core criteria firms must consider — from token characteristics and regulatory standing to market, technology, and DFSA compliance. The episode also explores how firms should identify and document risks, rely on third-party assessments responsibly, and retain full accountability for suitability decisions.
If you want a clear, practical summary of how these guidelines impact Authorised Firms, compliance teams, SEOs, and senior management using or considering Crypto Tokens, this episode delivers the essentials.
Presented by 10 Leaves!
In this episode of The Riffle, we break down the DFSA’s final Feedback Statement on Consultation Paper 165 and what it means for Licensed Functions and Authorised Individuals operating in the DIFC.
We unpack the regulator’s decision to retain DFSA authorisation for Compliance Officers, Finance Officers, and Senior Managers, the rejection of Designated Functions and Designated Individuals, and the reinforced expectation that firms remain accountable for assessing fitness and propriety. The episode also explores the introduction of mandatory annual reviews, the expansion of the Conduct Principles to Relevant Employees, and the clarified scope of key Licensed Functions.
If you want a clear, practical summary of how these changes impact Authorised Firms, compliance teams, SEOs, and senior management preparing for implementation in 2026, this episode delivers the essentials.
Presented by 10 Leaves!
In this episode of The Riffle, we break down the UAE’s evolving regulatory framework for Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) alongside the newly established rules governing Commercial Gaming.
We unpack the core compliance obligations placed on Financial Institutions, DNFBPs, and Virtual Asset Service Providers — from risk-based assessments and customer due diligence thresholds to strict suspicious transaction reporting requirements and enhanced supervisory powers. The episode also explores how the General Commercial Gaming Regulatory Authority regulates advertising, technical integrity, and system-wide gaming operations through globally recognised GLI standards.
If you want a clear, practical summary of how these frameworks impact regulated firms, compliance teams, and operators entering the UAE’s commercial gaming space, this episode delivers the essentials.
Presented by 10 Leaves!
In this episode of The Riffle, we break down ADGM’s new Consumer Protection Framework and what it means for retail businesses and consumers operating within Al Maryah and Al Reem Islands.
We unpack the core rights ADGM grants to consumers — from safety and honest information to fair treatment and compensation — and the corresponding obligations placed on businesses around labelling, pricing transparency, warranties, and handling defective goods and services. The episode also explores the formal complaint process through the ADGM Consumer Protection Unit, along with the jurisdictional limits that redirect certain issues to UAE authorities such as ADFSA, TDRA, DOH, and the Central Bank.
If you want a clear, practical summary of how these rules impact retailers, service providers, and consumers within ADGM’s jurisdiction, this episode delivers the essentials.
Presented by 10 Leaves!
In this episode of The Riffle, we break down the DFSA’s latest communication on Licensed Functions and the ongoing fitness & propriety obligations for all Authorised Firms in the DIFC.
We unpack the regulator’s reminder that—despite proposals in Consultation Paper 165—firms must not act on any suggested changes until official amendments are published. The episode explores the DFSA’s reinforced expectations around vetting, monitoring, governance, outsourcing oversight, and the capacity of individuals performing multiple Licensed Functions.
If you want a clear, practical summary of what this means for SEOs, compliance teams, and Authorised Firms operating under the current Rulebook, this episode delivers the essentials.
Presented by 10 Leaves!
In this episode of The Riffle, we unpack DWTCA Circular No. 17 — a significant update giving Free Zone companies far greater flexibility in structuring their share capital.
We cover the introduction of multiple share classes, enhanced and restricted voting rights, redeemable shares, share buybacks, treasury shares, and the safeguards designed to protect shareholders.
For anyone seeking a quick, clear overview of what these amendments mean for companies and investors in the DWTCA, this episode has you covered.
Presented by 10 Leaves!
In this episode of The Riffle , we break down the latest regulatory updates from the DFSA’s 2026 Thematic Review.
Clear, concise and insight-driven — this conversation walks you through the key findings, supervisory expectations, and what these changes mean for DIFC-based regulated firms.
From strengthened AML/CFT controls to enhanced governance requirements and sharper expectations around risk frameworks, we unpack every core takeaway so compliance teams, founders, MLROs and governance professionals stay ahead of the curve.
Whether you’re a seasoned compliance officer or simply navigating the Dubai regulatory landscape, this episode gives you the clarity you need — without the jargon.
Tune in for:
• Key themes from the latest DFSA thematic review
• What regulated firms are expected to improve
• Practical implications for compliance & governance teams
• 10 Leaves’ perspective on what comes next
Presented by 10 Leaves
In this episode of The Riffle, we unpack the FSRA’s latest initiative to strengthen ADGM’s insurance regulatory framework and position the jurisdiction as a global reinsurance hub.
We cover the key proposals from Discussion Paper No. 1 of 2025 — including the new ADGM Solvency Capital Requirement (ASCR), internal models, three-tier own funds, innovative risk-transfer tools like synthetic sidecars, and enhanced group supervision.
If you want a quick, clear breakdown of what this means for insurers, reinsurers, and market participants, this episode has you covered.
Presented by 10 Leaves !
In this episode of The Riffle, we break down VARA Connect — Dubai’s new real-time, AI-powered platform giving the regulator instant oversight of virtual asset activity.
We cover its intelligent risk detection, direct API integration with VASPs, and how continuous monitoring will raise compliance expectations while strengthening trust in Dubai’s virtual asset ecosystem.
🎙 Presented by 10 Leaves
In this episode of The Riffle, we break down the ADGM FSRA’s Guidance & Policy Manual — the core framework governing how firms are authorised, supervised, and disciplined in ADGM.
We cover the “fit and proper” authorisation standard, the FSRA’s risk-based supervision model, and the manual’s structured approach to investigations, enforcement, and penalties. We also highlight the Part 21 process and the FSRA’s commitment to transparency through publication of enforcement outcomes.
🎙 Presented by 10 Leaves
In this episode of The Riffle, we break down the ADGM Administrative Regulations 2025 — a sweeping reform of the Registration Authority’s enforcement, investigation, and supervisory powers.
We cover the new two-tier contravention system, expanded investigative authorities, and the RA’s strengthened ability to compel information, appoint investigators and skilled persons, obtain court-ordered warrants, and act swiftly through Supervisory and Exceptional Notices.
We also highlight the introduction of formal settlement pathways, the enhanced enforcement toolkit for serious breaches — including multimillion-dollar fines, license cancellations, prohibition orders, and disqualifications — and what these changes mean for firms, directors, and regulated entities operating in the ADGM.
🎙 Presented by 10 Leaves
In this episode of The Riffle, we break down the DFSA’s Thematic Review on Continuing Professional Development for MLROs — a deep look into how well firms and financial crime specialists in the DIFC are meeting their regulatory learning obligations.
We cover the review’s key findings, including overall CPD compliance levels, the gaps in hybrid MLRO roles, the widespread reliance on basic or low-value training, the neglect of critical sanctions education, and the persistent weaknesses in record-keeping.
We also highlight the DFSA’s concerns around employer support, the varying levels of MLRO engagement and professionalism, the shortcomings observed within DNFBPs, and what these insights mean for future supervisory expectations as the regulator sharpens its focus on AML competence across the centre.
🎙 Presented by 10 Leaves
In this episode of The Riffle, we break down the ADGM Code of Market Conduct — the framework that defines, clarifies, and enforces the market abuse regime under the Financial Services and Markets Regulations.
We cover the CMC’s interpretation of key offences, including market manipulation, insider dealing, improper disclosure of Inside Information, dissemination of false or misleading statements, the use of fictitious devices in trading, and inducing others to deal.
We also highlight the Code’s recognised defenses, legitimate market practices, and the Regulator’s extensive enforcement powers — from fines and censures to suspensions and prohibition orders — along with what these standards mean for issuers, intermediaries, and market participants operating in or impacting the ADGM markets.
🎙 Presented by 10 Leaves
In this episode of The Riffle, we unpack ADGM’s Consultation Paper No. 12 of 2025—its proposed enhancements to the funds framework.
We cover the new STFM and IFM regimes, the formalisation of Employee Investment Vehicles, and the strengthened rules for Foreign Fund Managers.
We also touch on the FSRA’s review of Private Credit Funds, Green & Climate Transition Funds, and private REITs, and what these shifts mean for ADGM’s fund ecosystem.
🎙 Presented by 10 Leaves
In this episode of The Riffle, we break down Federal Decree-Law No. (10) of 2025, the UAE’s strengthened framework for combating money laundering, terrorism financing, and proliferation financing.
We cover the law’s upgraded governance structure, expanded definitions (including virtual assets and encryption), stronger investigative powers, and strict obligations for financial institutions, DNFBPs, and VASPs.
We also highlight the severe penalties introduced, the focus on international cooperation, and what these changes mean for compliance teams across the UAE.
🎙 Presented by 10 Leaves
In this episode of The Riffle, we unpack ADGM’s Consultation Paper No. 13 of 2025, a comprehensive proposal reshaping the regulatory landscape for insurance and climate-related risks in the ADGM.
We break down the FSRA’s key reforms — from aligning with global IAIS Insurance Core Principles, strengthening reinsurance and market conduct standards, and mandating IFRS 17, to introducing a cross-sectoral framework for managing Climate-Related Financial Risks (CRFR).
We also discuss ADGM’s broader vision of becoming a regional reinsurance hub, and what these proposals mean for insurers, intermediaries, captive entities, and all authorised firms operating in the centre.
A crisp, insight-driven episode for anyone following regulatory developments in ADGM’s insurance and prudential landscape.
Presented by 10 Leaves !
In this episode of The Riffle, we break down ADGM’s Restricted Securities Regime — a cornerstone framework designed to support fair price discovery and investor protection for issuers listed under the Assets Eligibility Test.
We explore:
🔹 Why ADGM applies transfer restrictions to founders, insiders, and early investors
🔹 The 11 categories of Restricted Securities and their one- or two-year lock-up periods
🔹 How the Restriction Formula works for early-stage shareholders
🔹 Mandatory requirements: Restriction Agreements, Holding Locks, and disclosure obligations
🔹 The limited circumstances where transfers are permitted.
If you advise early-stage issuers or work with ADGM listings, this episode will help you navigate the practical and regulatory aspects of this regime.
🏢 Presented by 10 Leaves
In this episode of The Riffle, we explore the DIFC Authority’s latest consultation on proposed amendments to the Real Property Law (RPL) — designed to enhance clarity, fairness, and flexibility within the Centre’s property framework.
Key highlights include:
✅ Introduction of a ten-year decennial liability for contractors on construction defects
✅ Extended lease registration period — from 30 to 45 days
✅ Extended payment window for off-plan Freehold Transfer Fees — from 30 to 60 days
✅ Lower, specific fine for failure to register a lease
✅ Removal of obsolete fees related to caveat lapsing
✅ And an enacted change to Operating Regulations, effective October 28, 2025, transferring the 7% sales fee collection for hotels and alcohol-serving establishments from the Dubai Municipality to the DIFC Authority.
Presented by 10 Leaves!