The latest compliance issues in wealth management across Asia-Pacific.

DFSA, FSA
The Dubai Financial Services Authority (DFSA) and the Financial Services Agency of Japan (FSA) have signed an agreement to enhance collaboration between the two regulators within the fintech sector.

As part of the agreement, the authorities will share information on developments in fintech and ensure the efficient entry of financial innovators into the respective markets.

The purpose of this cooperation is to provide a regulatory framework for discussion and a referral mechanism, which will enable the authorities to refer financial innovators between their respective innovation functions.