Investing.com -- Dubai is contemplating significant modifications to its regulations for money managers in an effort to enhance its reputation as an emerging hotspot for hedge funds. The Dubai Financial Services Authority (DFSA) officials are conducting an extensive review of the city’s regulatory framework. The aim is to lessen unnecessary regulatory constraints and lower entry barriers, according to a spokesperson from the agency.

Proposals have already been put forward to decrease the minimum capital requirements for certain money managers. The DFSA is also considering reducing the amount of emergency cash that firms are required to keep on-hand. Additionally, they may abolish the rules that necessitate the regulator’s approval of key personnel hires.

The DFSA stated that these proposed changes are an extension of previous adjustments and will maintain compliance with international regulatory standards.

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