On 8 December 2010, the Central Bank of the UAE circulated draft regulations designed to more closely regulate investment companies and finance companies.
The draft regulations aim to limit the financial exposure of investment and conventional finance companies. They will also introduce anti-money laundering and anti-terrorism regulations, through additional corporate governance rules and more control by, and communication with, the Central Bank.
The regulations, if made final, will modify existing Central Bank Resolutions 53/3/96 and 164/8/94 and include many detailed changes, such as new maximum exposure limits, borrowing/ fund raising limits and limits on exposure to specific groups or individuals.
Enforcement of most of these regulations will be through penalties determined by the Central Bank.