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Bhutan’s DK Bank Receives ADGM In-Principle Approval for Abu Dhabi Expansion
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Bhutan’s DK Bank Receives ADGM In-Principle Approval for Abu Dhabi Expansion
Bhutan-based DK Bank has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of ADGM, Abu Dhabi’s international financial centre. The bank intends to establish a subsidiary in ADGM to provide brokerage, custody, payments and advisory services. However, the subsidiary cannot begin operations until DK meets the conditions of the approval. The bank must also obtain a final Financial Services Permission (FSP), whic…
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