DFSA wins Best Regulator award

For further information please contact:

Ms. Angharad Irving - Jones
Manager, Communications and Strategic Planning
Dubai Financial Services Authority
Level 13, The Gate
Dubai, U.A.E.
Tel: +971 (0)4 362 1661
Fax: +971 (0)4 362 0801

The Dubai Financial Services Authority (DFSA) is an independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the Dubai International Financial Centre (DIFC), including asset management, banking, securities trading, Islamic finance, re-insurance, and an international financial exchange. The DFSA has been created using principle-based primary legislation modelled closely on that used in London and New York, and the DFSA regulatory regime operates to standards that meet or exceed those applying in the world's major financial centres.

The Dubai Financial Services Authority is a central component of the DIFC, a financial centre established to position Dubai as a recognised hub for institutional finance, and the regional gateway for capital and investment to the Middle East.

David Knott was appointed Chief Executive of the DFSA on 1 June, 2005. He is a former Chairman of the Australian Securities and Investments Commission (ASIC) and was Chairman of the Technical Committee of the International Organisation of Securities Commissions (IOSCO). Other positions previously held by him include COO of the Australian Prudential Regulation Authority (APRA); CEO of Commonwealth Funds Management; CEO of the Australian Financial Institutions Commission (AFIC) and Director of the Australian Crime Commission.

The Securities Commission, Malaysia (SC) was established on 1 March 1993 as a self-funding statutory body with investigative and enforcement powers. The SC has a broad regulatory role, including supervising exchanges, registering prospectuses, approving issue of corporate bonds, regulating all matters relating to securities and futures contracts, and ensuring proper conduct of market institutions and licensed persons. The SC is also required to encourage and promote the development of the securities and futures markets in Malaysia.

Islamic Funds World addresses industry development, standardisation, product innovation and distribution issues by featuring expert speakers from across the Middle East region, Europe, North America as well as Southeast Asia. This event brings together global Islamic fund managers and international leading industry practitioners to discuss best practice principals of how to establish and run a successful Islamic fund. http://www.terrapinn.com/2007/mifa

Award Categories
Best Islamic (equite) Global Fund 2006
Best GCC Islamic (equity) Fund 2006
Best Asian Islamic (equity) Fund 2006
Best Research in Islamic Finance
Best Regulator for Islamic Finance
Best Islamic Index Provider
Best Marketing of Islamic Funds
Best Innovation / New in Islamic Funds
Best Islamic Fund Coverage.

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