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Dubai's DIFC Regulator Places Restriction on Former SVS Securities CEO

MT Newswires·12/09/2025 06:51:56
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06:51 AM EST, 12/09/2025 (MT Newswires) -- The Dubai Financial Services Authority imposed a restriction on UK fund manager SVS Securities' former chief executive officer from operating in or from Dubai's international financial center. The independent regulator of the Dubai International Financial Centre said Tuesday it made the decision after it was informed that Kulvir Virk, who was also previously fined by the UK's Financial Conduct Authority and barred from regulated activities, is also involved in the management of a local company.