Dubai's Financial Services Authority (DFSA) has withdrawn Forsyth Partners' licence to operate within...
Dubai’s Financial Services Authority (DFSA) has withdrawn Forsyth Partners’ licence to operate within its jurisdiction because the firm did not meet regulatory capital requirements Forsyth’s Dubai sales and distribution office is to close and subsidiary company Forsyth Middle East also had its licence revoked. The DFSA gave Forsyth opportunity to respond to the notice it issued, but the company did not challenge the decision. Both firms were authorised to arrange credit or deal in investments and to advise on financial products or credit, but not to accept client money, which means th...
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