The Dubai Financial Services Authority has issued Consultation Paper 169 seeking feedback on a package of unrelated policy updates and rule clarifications across its Anti-Money Laundering, Counter-Terrorist Financing and Sanctions (AML), Fees (FER) and Prudential – Investment, Insurance Intermediation and Banking (PIB) modules. In the AML module, the DFSA proposes to formalise an ongoing requirement for Designated Non-Financial Businesses and Professions (DNFBPs) to notify it of changes to their activities by updating the notifications list in AML Rule 15.1.4. In the FER module, it proposes introducing a USD 3,000 fee for DNFBP registration requests and pro-rating the existing USD 6,000 fee for the initial registration period. In the PIB module, proposals include tightening the liquidity eligibility criteria so time deposits used to meet liquidity requirements must be placed with a regulated bank or deposit-taker meeting specified external credit rating thresholds, and amending the activity-based capital requirement (ABCR) calculation so assets included in a firm’s K-ASA (assets safeguarded and administered) requirement are excluded from K-AUM (assets under management), with the change intended to apply from 1 July 2026. Comments are due by 10 January 2026 via the DFSA’s online response form. Following consultation, the DFSA will finalise any amendments and publish the updated Rulebook modules, noting that firms should not act on the proposals until changes are made and are in force.

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