Board Committees

Legislative Committee

The primary function of the Legislative Committee is to assist the Board in discharging its policy-making and legislative functions, including the development of legislation related to the regulation of financial services and related ancillary activities conducted through the DIFC.

Legislative Committee members are:

  • Charles Flint QC (Chairman)
  • Abdul Wahid Al Ulama
  • Robert L Clarke
  • Robert Owen
  • Saeb Eigner
  • Ian Johnston
  • Muna Dandan
  • Michael Blair QC (External Committee Member)
  • Peter Casey (External Committee Member)

Audit Committee

The primary function of the Audit Committee is to assist the Board in fulfilling its oversight responsibilities regarding the financial management of the DFSA, the adequacy of its systems of internal controls, and the quality of its internal risk management process. Neither the Chairman nor Chief Executive can be members of the Audit Committee.

Audit Committee members are:

  • Dr J Andrew Spindler (Chairman)
  • Fadel Al Ali
  • The Hon Apurv Bagri

Risk Committee

The primary function of the Risk Committee is to assist the Board regarding external risks that could affect the DFSA's reputation or ability to meet its regulatory objectives.

Risk Committee members are:

  • Robert Owen (Chairman)
  • Charles Flint QC
  • Dr J Andrew Spindler
  • Saeb Eigner
  • Ian Johnston

Governance and Nominations Committee

The primary function of the Governance and Nominations Committee is to assist the Board in fulfilling its supervisory responsibilities in respect of the operations of the Board and its management, to identify individuals qualified to become Board Members, to develop a succession programme and to develop and recommend to the Board a set of corporate governance principles.

Governance and Nominations Committee members are:

  • The Hon Apurv Bagri (Chairman)
  • Lord Currie of Marylebone
  • Dr J Andrew Spindler
  • Saeb Eigner
  • Ian Johnston

Remuneration Committee

The primary function of the Remuneration Committee is to assist the Board in fulfilling its responsibilities relating to all aspects of Human Resources at the DFSA, including performance and compensation.

Remuneration Committee members are:

  • Lord Currie of Marylebone (Chairman)
  • Fadel Al Ali
  • The Hon Apurv Bagri
  • Robert Clarke
  • Saeb Eigner
  • Ian Johnston

Rules of Procedure and Practice Directions

To access the former RAC Rules of Procedure, please click here.

RAC - Notice of Hearing, 2013:

12 February 2013: (2012) DFSARAC 9 - Cristal Capital Management (Dubai) Limited (in formation) acting by Mr Luis Freire - Hearing on the Merits

RAC - Notice of Withdrawal of Appeal, 2013:

7 February 2013: (2012) DFSARAC 9 - Cristal Capital (Dubai) Limited (in formation) acting by Mr Luis Freire

RAC - Notice of Hearing, 2012:

5 December 2012: (2012) DFSARAC 9 - Cristal Capital Management (Dubai) Limited (in formation) acting by Mr Luis Freire - Hearing on Application for Disclosure

RAC - Notice of Decision, 2012:

NATIONALS AND TOMORROW’S REGULATORY LEADERS WORKING GROUP

The Working Group is a vehicle through which the Board seeks to promote the development of UAE National employees, and through which it oversees the TRL Programme. Membership of the Working Group includes selected Board members and members of senior management who are integrally involved in training and development of the DFSA’s UAE National employees.

Nationals and TRL Working Group members were:

  • J Andrew Spindler(Chairman)
  • Fadel Al Ali
  • Abdulwahid Al Ulama
  • Lord Currie of Marylebone
  • Waleed Al Awadhi (Director, Corporate Affairs)