The Dubai Financial Services Authority (DFSA) wishes to clarify the regulatory status of the firm Bowarr Management Ltd (Bowarr) as follows:

• Bowarr is incorporated in the Dubai International Financial Centre (DIFC) as a non-regulated company. Details of Bowarr’s DIFC registration can be found on the DIFC’s Public Register; and
• Bowarr is not, and has never been, authorised by the DFSA to provide Financial Services or make Financial Promotions in or from the DIFC.

DFSA Authorised Firms are subject to financial services laws and rules administered by the DFSA. These laws and rules are designed to protect users and potential users of the financial services industry in the DIFC, including consumers, when they engage with an Authorised Firm to obtain a financial product or financial service.

Only DFSA Authorised Firms are permitted to provide financial services in or from the DIFC, subject to the laws and rules mentioned above. If you are unsure of the regulatory status of a firm, please check the DFSA’s Public Register before entering into any financial services activity with that firm.

The DFSA has a page on its website dedicated to alerts it has issued about scams. All clarifications and alerts issued by the DFSA may be accessed by going to Alerts.

The DFSA has also issued warnings and guidance about the common types of scams perpetrated on consumers.  For more information on these scams, please go to How to avoid being scammed.

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the DIFC Authority, DFSA or a DFSA regulated firm, you should direct your concerns to the DIFC Authority on Tel: +971 4 362 2222 and to the DFSA via the Complaints function.