DIFC Authorisation

Before we proceed, it is essential to identify the regulated aspects of your business operations and understand the corresponding implications. A detailed discussion will be arranged to delve into your business structure, internal controls pertaining to governance, risk management, and compliance, as well as the key stakeholders within your organization. Subsequently, we will ascertain the specific 'permissions' that your business necessitates.

Next, we will proceed with the process of gathering all necessary information to construct your comprehensive information pack. We will provide detailed guidance on the required details and ensure that we have all the essential data as per the DFSA regulations.

After receiving the necessary information from you, it is our responsibility to customize your application package. The composition of the application package will differ for each organization, based on the size and intricacy of your business model.

Through collaboration with you, we will develop comprehensive policies and procedures, craft your Regulatory Business Plan, establish a robust Compliance Monitoring Programme, and prepare all necessary documentation. While the application remains under your ownership, it is imperative that it accurately reflects your business operations. Our in-depth understanding of the DFSA's criteria for evaluating applications enables us to proactively address any potential concerns, thereby minimizing the risk of delays during the review process.

Once the application pack has been finalized, we will forward it to you for your thorough review.

DFSA authorisation applications must be submitted online through the DFSA’s Connect system, a process that we will manage on your behalf. It is at this stage that the requisite application fees will need to be settled.

Upon receipt of your application, the DFSA will promptly acknowledge it and assign a dedicated Case Officer to oversee the process. Your Case Officer may reach out to seek clarification or additional information, and our team is here to assist in crafting thorough and professional responses. Should further dialogue with the DFSA be necessary, your Consultant will be readily available to support you.

Upon receiving authorization, you will be required to adhere to the regulations set forth by the DFSA and fulfill the commitments outlined in your application. A handover meeting will be arranged to provide you with a comprehensive compliance manual and framework, guiding you on the practical steps necessary to ensure compliance with the DFSA's regulations. Should you require further assistance in meeting your ongoing compliance responsibilities, we offer additional support services that may be of interest to you. Please consult with one of our specialists for more details.
Before obtaining authorization, you will enter the "Minded to Authorize" stage, during which the DFSA may request that you fulfill certain conditions. We will assist you in satisfying these requirements, and upon completion, the DFSA will typically grant authorization within 24 hours.