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Empowering Customers: A Step In The Right Direction - Consumer Protection

The laws around consumer protection in the UAE are continuously evolving and on 25 November 2020, the UAE Central Bank issued the Circular No 8 of 2020. ....

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First Capital Money Market Fund – fastest to reach LKR 20bn in assets under management

Kavin Karunamoorthy, AGM – Asset Management, First Capital Asset Management Limited
The First Capital Money Market Fund has been the fastest fund in its category (Open-Ended Money Market Fund) to surpassed LKR 20 billion in Assets Under Management. The fund is managed by First Capital Asset Management Limited the wealth management arm and subsidiary of First Capital Holdings PLC (the Group).
The Fund is the best performing Unit Trust in its category, delivering a return of 11.98%, the highest Compounded Annual Growth Rate (CAGR) for the past 5 years, as of February 2021. The fund is licensed and regulated by the Securities and Exchange Commission of Sri Lanka with Bank of Ceylon acting as the Trustee. ....

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Central Bank of UAE issues SME Market Conduct Regulation

Dubai: The Central Bank of the UAE (CBUAE) on Sunday issued Small to Medium Sized Enterprises (SME) Market Conduct Regulation to promote best practices among licensed financial institutions (LFIs) when engaging with SMEs.
The objective of the regulation is to enhance SMEs’ access to financial products and services. CBUAE’s introduction of this regulation follows the launch of its new Financial Consumer Protection Regulatory Framework.
“SMEs play a vital role in the UAE’s economy. The UAE government has placed considerable emphasis on developing the SME ecosystem and removing obstacles for a transparent, entrepreneurial, and innovative SME sector in the UAE, which has good access to various financial sources,” said Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE. ....

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UAE Central Bank updates consumer protection regulation for financial services

New framework sets out clear guidelines on what institutions can sell and how ....

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Prime Finance raises Rs. 526.68 mn capital

Prime Finance raises Rs. 526.68 mn capital
dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.

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