AFSA issues “Dear SEO Letter” addressing regulated firms engaged in the investment business

The Regulatory Office of AFSA has issued a “Dear SEO Letter” addressed to regulated firms engaged in the investment business (defined in AIFC Glossary as PRU Investment Firms) on selected conduct of business matters. In this letter, AFSA has shared key findings from the recently conducted on-site inspections of Investment Firms.

The purpose of the “Dear SEO Letter” is to draw attention of existing and prospective Investment Firms to common problem areas in observing the AIFC Conduct of Business Rules, as well as provide tips on how to comply with the conduct of business requirements.

AFSA’s Regulatory Office will continue issuing “Dear SEO Letters” to foster communication with the supervised community and inform Authorised Firms of the new findings, developments, insights and other updates.

AFSA’s Acting Chief Regulatory Officer Valikhan Gusmanov: “Communication of this nature plays an important role in fostering a collaborative and coherent relationship between regulatory authorities and market stakeholders. By facilitating the exchange of information, insights, and perspectives, this type of communication promotes transparency, enhances regulatory compliance, and ultimately contributes to the stability and sustainability of the market ecosystem.”

To read the “Dear SEO Letter” addressed to Investment Firms please follow the link.