DFSA amends a variety of rules
Chris Hamblin, Editor, London, 23 February 2016
The board of Dubai's Financial Services Authority has made several rulemaking instruments that will come into force on 3rd April 2016, changing its rulebook as they do so.
It has replaced the general (GEN) module of the rulebook with an updated version. It has also replaced the fees (FER) module, the collective investment rules (CIR) module, the Islamic finance rules (IFR) module, the authorised market institutions (AMI) module, the markets rules (MKT) module, the price stabilisation (PRS) module, the glossary (GLO) module, the representative office (REP) module and the conduct-of-business (COB) module.
This comes after a consultation period, with proposals for legislative changes being set out in Consultation Paper No. 104. The relevant rule-making instruments can be viewed under the “Amendments to Legislation” section of the DFSA website and the relevant modules of the rulebook will be replaced on that website on 3rd April.