Episode Description
This episode covers significant regulatory developments across multiple sectors in the Middle East, including financial infrastructure, healthcare compliance, and property management. Listeners will gain insights into new frameworks shaping virtual asset activities, currency symbol mandates, and occupational health enhancements.
We explore the UAE Securities and Commodities Authority’s introduction of a comprehensive Virtual Assets Framework that expands regulated activities from three to eight, covering areas such as custody services and multilateral trading facilities. This framework imposes robust licensing, governance, and prudential requirements for financial entities.
Additionally, the UAE Central Bank’s new mandatory UAE Dirham currency symbol initiative, developed with Vermeg, aims to strengthen capital market infrastructure by standardizing currency representation in official documents.
On the occupational health front, the Saudi Ministry of Municipal and Rural Affairs and Housing invites public feedback on updated construction safety guidelines and a draft executive regulation on vacant properties with annual fees and occupancy disclosure mandates.
For more information, visit the Carver Agents website.
Articles mentioned: