AFSA is seeking feedback from relevant stakeholders on the proposed amendments to the AIFC Rules No.GR009 of 2017 concerning Qualifications Necessary for Employment in the AIFC (the AIFC Rules).
The proposed amendments to the AIFC Rules are designed to ensure full alignment with the national requirements under the Law on Migration by mandating that both educational and experience-based criteria be met for employment within the AIFC. This approach will uphold the high qualification standards essential for maintaining the integrity and quality of the workforce within the AIFC.
The substantial proposed supplementation to the AIFC Rules is the delegation of the power to the AIFC Authority in granting waivers and modification to certain requirements of the Rules in relation to AIFC Participants, who are not engaged in carrying on a Controlled Function or a Designated Function under rules 2.2 and 2.3 of the AIFC General Rules. This will support the enforcement of the provisions of the Constitutional Statute on providing assistance in attracting foreign labour.
We invite comments from interested stakeholders.
The deadline for providing comments is 16 September 2024. Once we receive your comments, we shall consider if any refinements are required to this proposal.
AFSA prefers to receive comments by email at [email protected].
The Consultation paper can be accessed via the link: https://orderly.myafsa.com/articles/consultation-paper-afsa-p-ce-2024-0011-from-16-august-2024-on-proposed-amendments-to-the-aifc-act-no.gr009-of-2017-concerning-qualifications-necessary-for-employment-in-the-aifc
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