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ADSM chief, regulation call
- United Arab Emirates: Sunday, November 12 - 2006 at 15:54
Regulation of collective investment schemes and a UAE trust law are needed to encourage the creation of more mutual funds in the UAE, attract overseas institutional investors, protect unit holders and support long-term market stability, according to Rashed Al Baloushi, the Acting Director General of the Abu Dhabi Securities Market. Al Baloushi recommended that a code of ethics for fund managers be incorporated into the stocks and commodities authority law.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 12 - 2006 at 15:54 UAE local time (GMT+4)
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This article was updated on Thu Nov 16 2006.
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