PANews March 21 news, according to Bloomberg, the Dubai Financial Services Authority (DFSA) is considering lowering capital thresholds, reducing emergency funding requirements, and eliminating the need for regulatory approval for executive appointments to enhance Dubai's attractiveness to hedge funds. This will be the largest regulatory reform in nearly 20 years, expected to be implemented as early as 2026.

Currently, there are over 70 hedge funds in Dubai, most managing assets over $1 billion. The proposed reforms will be implemented for holders of DFSA Class 3 licenses, such as reducing the minimum capital requirement to $140,000, and for small local funds to $40,000, further lowering the barriers to establishing new funds. Additionally, certain positions like compliance officers and chief financial officers can be appointed by companies without prior regulatory approval.