New inspection powers for Dubai's DFSA

Types of companies Dubai's Financial Services Authoirty (DFSA) may now inspect include those under the Companies Law, Limited Partnership Law, Limited Liability Partnership Law, Insolvency Law and General Partnership Law. Dubai’s Registrar of Companies retains the right to exercise the delegated powers in relation to any matter, whether independent of, or concurrently with, the DFSA.  But under this new arrangement, the Registrar and the DFSA have agreed that the latter will investigate contraventions of the Registrar of Companies (ROC) Laws for which penalties of AED 36,700 (US $10,000)...