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February 8, 2023

UAE regulator introduces ESG fund category

As the Securities and Commodities Authority overhauls rules, some warn their cost and complexity could have unintended consequences for the local ESG market.

In one of the local industry’s biggest shake-ups for years, the United Arab Emirates’ Securities and Commodities Authority has revamped the rules for domestic and foreign investment funds and introduced a range of specialised fund categories, including ESG funds for the first time.

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