FSRA

SS&C Expands Fund Administration Business in UAE with Abu Dhabi Office Launch

Retrieved on: 
Wednesday, March 27, 2024
SS&C, Growth, Abu Dhabi Global Market, Market development, Heart, FSRA, Cryptocurrency

WINDSOR, Conn., March 27, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced an expansion of its global footprint by opening a new office in Abu Dhabi, United Arab Emirates. The Financial Services Regulatory Authority (FSRA) has granted SS&C full approval to deliver fund administration services within the prestigious Abu Dhabi Global Market (ADGM).

Key Points: 
  • The Financial Services Regulatory Authority (FSRA) has granted SS&C full approval to deliver fund administration services within the prestigious Abu Dhabi Global Market (ADGM).
  • The fund administration offering in ADGM completes SS&C's full range of services to alternative fund managers in the Middle East.
  • Katarzyna Lupa-Nowicka (Head of Private Markets Operations, Middle East) and David Forrester (Head of Hedge Operations, Middle East) will lead the new office in Abu Dhabi.
  • "With more than $2 trillion in assets under administration, SS&C GlobeOp is the leading alternatives fund administrator in the world.

SS&C Expands Fund Administration Business in UAE with Abu Dhabi Office Launch

Retrieved on: 
Wednesday, March 27, 2024
SS&C, Growth, Abu Dhabi Global Market, Market development, Heart, FSRA, Cryptocurrency

WINDSOR, Conn., March 27th, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced an expansion of its global footprint by opening a new office in Abu Dhabi, United Arab Emirates. The Financial Services Regulatory Authority (FSRA) has granted SS&C full approval to deliver fund administration services within the prestigious Abu Dhabi Global Market (ADGM).

Key Points: 
  • The Financial Services Regulatory Authority (FSRA) has granted SS&C full approval to deliver fund administration services within the prestigious Abu Dhabi Global Market (ADGM).
  • The fund administration offering in ADGM completes SS&C's full range of services to alternative fund managers in the Middle East.
  • Katarzyna Lupa-Nowicka (Head of Private Markets Operations, Middle East) and David Forrester (Head of Hedge Operations, Middle East) will lead the new office in Abu Dhabi.
  • "With more than $2 trillion in assets under administration, SS&C GlobeOp is the leading alternatives fund administrator in the world.

FP Canada™ Announces QAFP® Exam Results for February 2024

Retrieved on: 
Thursday, March 21, 2024
Financial planner, FSRA, Certification, Knowledge, Nursing

Many candidates who wrote the exam (41%) said title protection legislation influenced their decision.

Key Points: 
  • Many candidates who wrote the exam (41%) said title protection legislation influenced their decision.
  • TORONTO, March 21, 2024 /CNW/ - FP Canada today announced the results for the February sitting of the Qualified Associate Financial Planner™ exam.
  • "Congratulations to all candidates who successfully challenged the QAFP exam," said Tashia Batstone, President and CEO of FP Canada.
  • Effective the May 2024 exam administration, candidates must complete the QAFP Professional Education Program prior to writing the QAFP exam.

Revenue Based Financing leader Klub becomes the first to secure a credit fund licence; aims to invest AED 1 billion in the Middle East

Retrieved on: 
Tuesday, February 6, 2024
Revenue-based financing, Growth, GDP, AED, SME, GCC, Investment, Category, Entrepreneurship, FSRA, Market development, RBF

DUBAI, UAE, Feb. 6, 2024 /PRNewswire/ -- Klub, India's largest platform for Revenue Based Financing (RBF) announced its expansion to the Middle East. Klub has received the relevant permission (Category 3C) to manage private credit funds under the newly instituted credit fund regime by the Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Markets (ADGM).

Key Points: 
  • This regulatory approval marks a pivotal moment in Klub's journey, granting them the distinction of being the first Revenue Based Financing focused credit fund to expand in the Middle East region.
  • One of the key strategic advancements is the establishment of an AED 1 billion credit umbrella focusing on investing in credit products for the growth of SMEs and startups in the region.
  • Klub's expansion into the Middle East signifies a transformative moment in the landscape of Revenue Based Financing.
  • In 2022, Klub closed its maiden AED 100 million SEBI-registered credit fund in India, which is now fully deployed.

Revenue Based Financing leader Klub becomes the first to secure a credit fund licence; aims to invest AED 1 billion in the Middle East

Retrieved on: 
Tuesday, February 6, 2024
Revenue-based financing, Growth, GDP, AED, SME, GCC, Investment, Category, Entrepreneurship, FSRA, Market development, RBF

DUBAI, UAE, Feb. 6, 2024 /PRNewswire/ -- Klub, India's largest platform for Revenue Based Financing (RBF) announced its expansion to the Middle East. Klub has received the relevant permission (Category 3C) to manage private credit funds under the newly instituted credit fund regime by the Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Markets (ADGM).

Key Points: 
  • This regulatory approval marks a pivotal moment in Klub's journey, granting them the distinction of being the first Revenue Based Financing focused credit fund to expand in the Middle East region.
  • One of the key strategic advancements is the establishment of an AED 1 billion credit umbrella focusing on investing in credit products for the growth of SMEs and startups in the region.
  • Klub's expansion into the Middle East signifies a transformative moment in the landscape of Revenue Based Financing.
  • In 2022, Klub closed its maiden AED 100 million SEBI-registered credit fund in India, which is now fully deployed.

Liminal Partners with Dubai Based Encryptus to Bridge the Gap Between Crypto and Fiat

Retrieved on: 
Friday, January 19, 2024
Crypto, Partnership, IPA, Abu Dhabi Global Market, FSRA, Cryptocurrency

The strategic partnership will propel Liminal's further expansion in the Middle East

Key Points: 
  • Dubai, United Arab Emirates--(Newsfile Corp. - January 18, 2024) - Liminal, the fastest-growing digital asset custody and wallet infrastructure provider, is excited to announce a strategic partnership with Dubai based Encryptus, a pioneer in providing comprehensive fiat off-ramp solutions.
  • Liminal's expertise in secure custody solutions, supporting over 50+ businesses and 20+ chains, perfectly complements Encryptus's robust crypto-to-fiat off-ramp capabilities.
  • Shantnoo Saxsena, CEO at Encryptus said, "The partnership with Liminal marks a strategic move towards offering a comprehensive fiat off-ramp solution to Liminal's customers.
  • Encryptus is committed to empower their partners to offer Crypto Fiat services in a secure and in a compliant way.

ACX Facilitates Access to ACR Standard Carbon Credits in ADGM, Abu Dhabi -- Rebellion Energy's Preferred Partner for Trading and Settlement

Retrieved on: 
Wednesday, January 17, 2024
Carbon, House, CMB, ACX, Environment, RES, ACR, Rebellion, Abu Dhabi Global Market, FSRA, Renewable energy

The milestone encompasses Rebellion Energy (RES), the first carbon project developer issuing carbon credits under the Plugging Orphaned Oil and Gas Wells Methodology, choosing ACX as its preferred platform for trading and settlement.

Key Points: 
  • The milestone encompasses Rebellion Energy (RES), the first carbon project developer issuing carbon credits under the Plugging Orphaned Oil and Gas Wells Methodology, choosing ACX as its preferred platform for trading and settlement.
  • By facilitating market access to ACR carbon credits, ACX enhances its role as a key player in advancing accessibility to quality carbon credits globally.
  • "We are honoured to be the platform of choice for RES in bringing ACR carbon credits to the market.
  • RES has listed their inaugural ACR project on the ACX CMB, leveraging its robust features for seamless trading and settlement.

ACX Facilitates Access to ACR Standard Carbon Credits in ADGM, Abu Dhabi -- Rebellion Energy's Preferred Partner for Trading and Settlement

Retrieved on: 
Wednesday, January 17, 2024
Carbon, House, CMB, ACX, Environment, RES, ACR, Rebellion, Abu Dhabi Global Market, FSRA, Renewable energy

The milestone encompasses Rebellion Energy (RES), the first carbon project developer issuing carbon credits under the Plugging Orphaned Oil and Gas Wells Methodology, choosing ACX as its preferred platform for trading and settlement.

Key Points: 
  • The milestone encompasses Rebellion Energy (RES), the first carbon project developer issuing carbon credits under the Plugging Orphaned Oil and Gas Wells Methodology, choosing ACX as its preferred platform for trading and settlement.
  • By facilitating market access to ACR carbon credits, ACX enhances its role as a key player in advancing accessibility to quality carbon credits globally.
  • "We are honoured to be the platform of choice for RES in bringing ACR carbon credits to the market.
  • RES has listed their inaugural ACR project on the ACX CMB, leveraging its robust features for seamless trading and settlement.

CredibleX Unleashes Next-Generation Lending Solutions with New ADGM Licenses and Targets 20,000 Companies in 2024

Retrieved on: 
Tuesday, November 28, 2023
SME, Ecosystem, Digital, Risk, World Bank, GDP, FMCG, FSRA, Entrepreneurship, International Finance Corporation, MENA, Abu Dhabi Global Market, Bank

CredibleX, MENA's pioneering embedded finance platform, has announced its launch after being granted regulatory licenses from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM).

Key Points: 
  • CredibleX, MENA's pioneering embedded finance platform, has announced its launch after being granted regulatory licenses from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM).
  • These licenses provide a robust regulatory framework for its launch, bringing confidence and trust to CredibleX's partners and customers.
  • CredibleX is a game-changer for the region as its embedded finance approach enables businesses to provide their SME customers with instant access to lending solutions at scale.
  • Salem Mohammed Al Darei, ADGM Authority, CEO said, "We congratulate CredibleX on receiving their regulatory license from ADGM and welcome them to our vibrant ecosystem.

Climate Finance Top of the Agenda at The Second Edition of R.A.C.E. Sustainability Summit Held on the Opening Day of COP28 in the UAE

Retrieved on: 
Thursday, November 30, 2023
Climate change, HSBC, FSRA, COP28, History, ADFW, USD, IPA, State Street Corporation, Climate finance, Partnership, Regulation, Ninety One Limited, ESG, Renewable energy, Risk management, Cryptocurrency, Ecosystem

served as a platform that discussed many critical topics financing the transition to a net-zero economy, climate finance, carbon markets, and sustainable capital markets.

Key Points: 
  • served as a platform that discussed many critical topics financing the transition to a net-zero economy, climate finance, carbon markets, and sustainable capital markets.
  • R.A.C.E Sustainability Summit aimed to reaffirm the UAE's commitment to advancing the global sustainability agenda, capping a series of discussions, insights, and forward-thinking solutions that are set to shape the future of finance.
  • Sustainability Summit at ADFW has reinforced the importance of the global financial community's collective commitment to addressing climate change.
  • R.A.C.E served as a pre-prep event for COP28 where critical negotiations related to Climate Finance took place.