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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
GEN 2 Financial Services
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(2 versions)
Jan 3 2010 - Jan 31 2017Feb 1 2017 onwards

GEN 2.26.1

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) In GEN Rule 2.2.2 Operating a Representative OfficeG means the marketing of one or more financial services or financial products, provided such services or products are those offered:
(a) in a jurisdiction other than the DIFCG ; and
(b) by a related party of the Representative OfficeG .
(2) For the purposes of (1) 'marketing' means:
(a) providing information on one or more financial products or financial services;
(b) engaging in Financial Promotions in relation to (a); or
(c) making introductions or referrals in connection with the offer of financial services or financial products;
provided that such activities do not constitute:
(d) Advising on Financial ProductsG ;
(e) Advising on CreditG ; or
(f) 'arranging' under GEN Rules 2.9.1, 2.14.1, 2.19.1(1)(c) and 2.28.1(1)(a), including receiving and transmitting orders in relation to a financial product.
(3) For the purposes of this Rule:
(a) a 'financial product' means an InvestmentG , a Credit FacilityG , a DepositG , a Profit Sharing Investment AccountG or a Contract of InsuranceG ; and
(b) a 'related party' of a Representative OfficeG means:
(i) the same Body CorporateG as the Representative OfficeG , including its head office or any other branch; and
(ii) a member of the same GroupG as the Body CorporateG referred to in (i).
[Added] DFSA RM68/2009 (Made 3rd January 2010). [VER24/01-10]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]