Mohammed bin Rashid enacts amendments to DIFC’s Common Reporting Standard Law
19 August 2020
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has enacted the Common Reporting Standard Law Amendment Law No.6 of 2020 of the Dubai International Financial Centre, DIFC.
The DIFC Authority’s Board of Directors has also issued new Common Reporting Standard Regulations which came into force on 30th July, 2020.
Amendments to the Common Reporting Standard Law will further elevate common reporting standards in the DIFC. The Law reflects the Centre’s commitment to maintaining a transparent and robust legal and regulatory framework aligned with international best practice.