The Dubai Financial Services Authority (DFSA) has licensed its 300th regulated firm in the Dubai International Financial Centre (DIFC).

The regulated entities comprise 235 Authorised Firms, 49 Ancillary Service Providers and 16 Registered Auditors.

Authorised Firms are granted a licence to conduct financial services in or from the DIFC; services include for example, Banking and Brokerage, Asset Management, Insurance and Islamic Finance.

Ancillary Service Providers are granted a registration to carry out ancillary services in or from the DIFC. They provide legal and accountancy services.

Registered Auditors are granted a registration to carry out audits of DIFC incorporated regulated entities.

David Knott, DFSA chief executive, stated: "Over the past 19 months the number of firms regulated by the DFSA has doubled, reflecting the momentum that the DIFC has established as the region’s leading financial centre." - TradeArabia News Service