Legal Glossary

Fiduciary

A person with a duty to act solely in the interests of another party e.g. Directors of a company are fiduciaries of the company’s shareholders.

Fiduciary Duty

The duties owed by a Fiduciary to the person in whose interests they are acting e.g. duty of confidentiality, a duty not to profit from the position.

FinTech Hive at DIFC

A programme offered by the DFSA in the DIFC where financial services businesses and entrepreneurs can refine and test their proposition. Firms operating in FinTech Hive are given a restricted class of financial services licence known as an Innovation Testing Licence.