DFSA Regulations
What you’ll learn:
Financial services rules and regulations apply to all firms regulated by the DFSA. These rules and guidelines are intended to safeguard customers when they transact with an authorized firm and purchase a financial good or service, to stop the potential threats to financial stability from materializing and hurting the real economy, and to protect the integrity of the financial markets.
To fulfill their Continuing Professional Development (CPD) obligations, the DFSA mandates that all Senior Executive Officers, Compliance Officers, and MLROs of Authorized Firms complete a least 15 hours of obligatory training every 12 months.
Training Fee
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Live Sessions
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Printed Study Materials
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Coffee, Snacks & Lunch
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Certificate of Attendance
The purpose of this 5 CPD hours course is to provide an understanding about all the regulatory subjects imposed by the DFSA, and it was specifically developed for Authorized Individuals of DFSA-regulated enterprises.
It focuses on the critical aspects of enforcement, outsourcing, and governance within the financial services industry. Participants will gain a deep understanding of DFSA’s enforcement actions, conduct rules, expectations for outsourcing, and corporate governance principles. Through a combination of lectures, case studies, and practical examples, this course equips professionals with the knowledge and tools needed to navigate the evolving regulatory landscape.
By the end of the programme, participants will:
• Understand DFSA Enforcement Actions: Participants will gain a comprehensive understanding of DFSA’s approach to enforcement, including its objectives of stopping and fixing issues, punishing and deterring misconduct, and protecting and building confidence in the financial services industry.
• Analyze Decision Notices and Regulatory Actions: Students will learn how to interpret decision notices and regulatory actions issued by the DFSA, enabling them to comprehend the regulatory processes and their implications.
• Apply Case Studies: Participants will engage in case studies to analyze real-world enforcement actions, enhancing their ability to apply theoretical knowledge to practical situations.
• Comprehend DFSA’s Conduct Rules: This objective focuses on exploring DFSA’s core values and ethical standards, anti-bribery and corruption awareness, conflicts of interest, ethics in business, and the receipt of payments, gifts, and benefits.
• Ensure Client Protection: Students will learn about DFSA’s expectations for safeguarding client interests and preventing market abuse, equipping them with tools to promote ethical conduct and protect clients.
• Master Outsourcing and Operational Resilience: Participants will gain a deep understanding of outsourcing and third-party service supply, with a focus on material, critical, or important outsourcing notifications, data security, cloud outsourcing, and risk management.
• Evaluate Corporate Governance and Board Responsibility: This objective delves into corporate governance principles and standards applicable to reporting entities, obligations and governance requirements, addressing conflicts of interest, market disclosure, and financial reporting.
• Examine Sponsors and Compliance Advisers: Students will explore the appointment of sponsors and compliance advisers, ensuring they grasp the roles and responsibilities of these key entities in the regulatory landscape.
• Understand Miscellaneous DFSA Powers: This objective provides an overview of miscellaneous powers vested in the DFSA, ensuring participants are aware of the extent of regulatory authority.
DFSA Enforcement Actions
About Enforcement
• Stopping and Fixing
• Punishing and Deterring
• Protecting and confidence-building
Decision Notices and Regulatory Actions
Case Studies
DFSA’s Conduct Rules
• DFSA Core Values and Ethics
• Anti-Bribery & Corruption Awareness
• Conflicts of Interest
• Ethics in Business
• Receipt of Payments Gifts and Benefits
• Client Protection
• Market Abuse and How to Prevent it
DFSA’s Expectations in Outsourcing and Operational Resilience
• Operational Resilience & Third Party Providers
• Definition of Outsourcing & Third Party Service Supply
• Existing Expectations on Outsourcing & Third Party Provision
• Material, Critical or Important Outsourcing Notifications
• Intra-Group Outsourcing
• Outsourcing and Data Security
• Cloud Outsourcing
• Risk Management of Outsourcing
• Potential Measures to Oversee Critical Third Parties
Corporate Governance update/Board Responsibility for Compliance
• Definition of Reporting Entities
• Obligations of Reporting Entities
• Governance of Reporting Entities
• Corporate Governance
• Corporate Governance Principles & Standards Applicable to Reporting Entities
• Requirements Relating to Fair Treatment of Shareholders
• Provisions to Address Conflicts of Interests.
Market Disclosure
• Database
• Continuous Disclosures
• Disclosures by Connected Persons
• Disclosure of Material Interests
Financial Reports
• Annual financial report
• Interim financial report
• Auditor’s report
• Supply of financial statements
• Public Listed Companies
Sponsors and Compliance Advisers
• Appointment of Sponsors or Compliance Advisers
Miscellaneous
• DFSA powers
Final Conclusions and Closure
The programme is designed to provide participants with a better understanding of the various DFSA rules and regulations. The use of interactive case studies will help participants to think critically about scenarios that will be relevant to their respective roles and organisations.
By the end of the course, participants will have developed the confidence to comprehend what are the rules and regulations applicable to them in their day to day transacting.
The course is addressed to:
This course is beneficial to all Senior Executive Officers, Compliance Officers and MLROs of DFSA Regulated Firms.
Nadine Ghosn Eid is the Founder of BeyondComply, a compliance consultancy and training firm established to help financial services companies understand and overcome the challenges arising from compliance, regulation, and market developments.
Nadine is a Member of the Advisory Council of AGRC (Association of Governance, Risk, and Compliance).
She is also a Certified Anti-Money Laundering Specialist (CAMS) based in Beirut who’s been a Speaker in various Global Compliance and Financial Crime Prevention Conferences, and has more than 28 years of Banking Experience with a focus on Compliance, Treasury, Capital Markets and Private Banking, in addition to 18 years of concentration in the Cards and Payments Industry.
Nadine serves as a Professional Consultant in Anti-Money Laundering, Governance Risk & Compliance, Regulatory Compliance, Data Protection, Virtual Assets Regulation, and Cards Industry Rules and Regulations.
She is also certified as a Trainer by the European Institute of Management and Finance (EIMF), an EU GDPR Foundation and Practitioner by The Knowledge Academy UK, and in Financial Derivatives, Securities, and FSA Regulations by the UK’s Chartered Institute for Securities & Investments (CISI).
Nadine currently holds also the position of Director of Compliance & Regulatory Affairs at areeba, a Leading Regional Financial Technology company specialized in the payment cards and electronic services and in offering issuing and acquiring services to banks, other financial institutions, merchants and retailers.
Prior to areeba, Nadine worked for 14 years with CSCBank sal, a regional leader in the card and electronic payment processing industry, of which the last three years have been also as Head of Compliance.
Nadine holds a Master’s Degree in Money and Banking from The American University of Beirut.
She has an extended financial experience in the Middle Eastern, African, American, and European markets. She is fluent in English, French and Arabic, and is no stranger to EU and US legislations, having worked for multiple banks that do business in European and American markets.
