Document background
The Request For Proposal Asset Management document is utilized when organizations in the UAE seek to formally engage professional asset management services through a structured competitive bidding process. It serves as a comprehensive procurement tool that ensures compliance with UAE federal procurement laws and Securities and Commodities Authority (SCA) regulations. The document typically includes detailed specifications of investment objectives, asset classes, risk parameters, reporting requirements, and evaluation criteria. It's particularly important in the UAE context as it must address local regulatory requirements, including necessary licenses and certifications, potential Shariah compliance needs, and local business practices. This document is commonly used by government entities, financial institutions, corporate treasuries, and investment organizations when seeking to appoint new asset managers or review existing management arrangements.
