The Dubai Financial Services Authority (DFSA) has commenced proceedings in the DIFC Courts to enforce compliance by Deutsche Bank AG, Dubai (DIFC) Branch (DBDIFC), with a Notice requiring information.

The DFSA has brought the proceedings for the purpose of enforcing compliance with two investigative Notices served on DBDIFC, under Article 80 of the Regulatory Law 2004, requiring the production of information and documents.

The DFSA will make no further comment until the proceedings are resolved.