Praesidium LLP is a DIFC registered professional services firm which provides compliance consultancy on all aspects regulations.

The practice has been established by ex FSA and DFSA regulator Hari Bhambra (www.haribhambra.com) and two other strategic partners that have an international finance background combined with strong regional connections.

As Praesidium LLP has been established by Hari, one of the original team which created the DIFC’s regulatory regime, the firm now seeks to provide relevant experience to assist firms wishing to operate in the DIFC. Hari was also the key developer of the DIFC’s Shari’a Systems Regulatory model which is a regulatory structure emulated in many other jurisdictions across the world

The professional services include:

• Assistance in seeking DFSA licences to conduct financial services in or from the DIFC;
• Training on all aspects of the DFSA regime
• Assistance in seeking waivers from regulatory requirements
• Assistance in preparing for DFSA regulatory risk assessments
• Specialist assistance on seeking Shari’a compliant licences and providing full assistance in implementing Shari’a compliant manuals and processes
• Provide training on Securities & Investment Institute (SII) Islamic Finance Qualification and DIFC Rules and Regulations as an accredited training provider for the SII. www.sii.org.uk

http://www.sii.org.uk/web5/infopool.nsf/HTML/iCountry_Dubai?OpenDocument

Hari has written several articles on Islamic Finance and was the author of the DIFC Guide to Islamic Finance. She frequently speaks on the subject of Islamic Finance all across the world. Her recent work in Islamic Finance includes:

• Advising Islamic Secular state on the policy and legal implications of introducing Islamic Finance;
• Developing a policy paper for a second Islamic Secular state on the political considerations of introducing Islamic Finance
• She is one of the few accredited training providers to offer and deliver the SII IFQ examination both on behalf of Praesidium LLP and also on behalf of the SII itself as one of its tutors.
• She was instrumental in developing the Mutual Recognition Model (termed the ‘Green Highway’) to allow foreign Islamic products into Malaysia.