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Dubai Financial Services Authority (DFSA): Contents

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Jul 5 2012 onwards

MKT 3.5.2

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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.

In this section, unless otherwise provided:

(a) a PersonG is a Related PartyG of a Reporting EntityG if that PersonG :
(i) is, or was within the 12 months before the date of the Related Party TransactionG :
(A) a DirectorG or a PersonG involved in the senior management of the Reporting EntityG or a member of its Group;
(B) an AssociateG of a PersonG referred to in (a)(i)(A); or
(ii) owns, or has owned within 12 months before the date of the Related Party TransactionG , voting SecuritiesG carrying more than 5% of the voting rights attaching to all the voting SecuritiesG of either the Reporting EntityG or a member of its GroupG ; or
(iii) is, or was within the 12 months before the date of the Related Party TransactionG , a PersonG exercising or having the ability to exercise significant influence over the Reporting EntityG or an AssociateG of such a PersonG .
(b) a transaction is a Related Party TransactionG if it is a transaction:
(i) between a Reporting EntityG and a Related PartyG ;
(ii) under which the Reporting EntityG invests in another Undertaking or asset, or provides financial assistance to another Undertaking, in which a Related PartyG also has a financial interest; or
(iii) between the Reporting EntityG and any other PersonG the purpose or effect of which is to benefit a Related PartyG ; or
(iv) of the kind referred to in (i) — (iii) and is between a SubsidiaryG of a Reporting EntityG and a Related PartyG of the Reporting EntityG .
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]