Dubai and Saudi

  1. Strengthening Financial Resilience and Market

In the next instalment of our global horizon series (first instalment available here), our team observes a growing trend of increased international collaboration between regulators in different jurisdictions despite wider geopolitical tensions. 

Europe

The European Public Prosecutor’s Office (EPPO), the independent public prosecution office of the European Union has become increasingly active. It is

The Saudi Capital Market Authority (CMA) has approved the Controls on the Ownership of Real Estate by Listed Companies, Investment Funds, and Special Purpose Entities (SPEs). These Controls will take effect concurrently with the new Law of Real Estate Ownership by Non‑Saudis (Royal Decree No. M/14) in January 2026.

These

The Dubai Virtual Assets Regulatory Authority (VARA) has released a Circular addressed to all Virtual Asset Service Providers (VASPs) outlining Enhanced Measures for High‑Risk Jurisdictions. This update follows the October 2025 Financial Action Task Force (FATF) list revision and the UAE National Committee’s Decision No. (15) of 2025.

On 13 January 2026, the G7 Cyber Expert Group (G7 CEG) issued a statement on advancing a coordinated roadmap for the transition to post-quantum cryptography in the financial sector. The statement follows an earlier statement that the G7 CEG issued in September 2024 which highlighted the benefits and risks associated with quantum computing.

On 12 January 2026, the International Regulatory Strategy Group (IRSG) published a report mapping how jurisdictions are approaching artificial intelligence (AI) in financial services. The report identifies where global coherence is emerging and outlining practical steps for policymakers and regulators to promote the safe and responsible innovation of AI.

Key findings

  • Update on the UK listed fund sector.
  • Overview of funds market and fundraising environment.
  • Tokenisation from pilot to practice: A UK manager’s guide