Awareness/Reminder Series - Director Duties in the DIFC
Given the current turmoil in the world, it is critical that Directors remain fully aware of their duties and responsibilities, regarding the Firm, its Stakeholders and their own personal risk.
We have issued a summary of the current duties and responsibilities for Directors of DIFC incorporated entities. This is primarily related to the Companies Law, Data Protection Law and Insolvency Law.
High level DFSA requirements for regulated entities are included, but we recommend that Directors also review their Authorised Firm's individual Compliance Manuals and other Manuals for requirements specific to their licenced activities, endorsements and category of business.
Branched entities should also be aware of many of the DIFC and DFSA expectations.
The document is at https://www.capitaladvantage.ae/compliance.