The Dubai Financial Services Authority (DFSA), the independent banking, financial services and markets regulator of Dubai International Financial Centre (DIFC), has announced the temporary closure of Nasdaq Dubai, effective March 2 to 3.

Nasdaq Dubai is the international financial exchange based in the DIFC, providing a platform for regional and global investors to trade equities, derivatives, sukuk, and conventional bonds.

The DFSA continues to closely monitor developments in the region, and remains in regular contact with local authorities and relevant advisories. 

The DFSA's regulatory mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, crowdfunding platforms, money services, an international equities exchange and an international commodities derivatives exchange. 

In addition to regulating financial and ancillary services, the DFSA is responsible for administering Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) legislation that applies to regulated firms and Designated Non-Financial Businesses and Professions in the DIFC.-TradeArabia News Service