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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Regulatory Law
Part 3: Licences, Authorisation and Registration
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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Up to Jul 10 2010Jul 11 2010 onwards

42. Authorised Firms, Authorised Market Institutions and Financial Services



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(1) The DFSA shall make Rules prescribing which kinds of Financial Services, with such modifications or limitations as may be specified may be carried on by:
(a) an Authorised Firm; and
(b) an Authorised Market Institution.
(2) The DFSA may make Rules adding to, removing activities from, or otherwise modifying the lists of Financial Services prescribed under Article 42(1).
(3) A person may carry on one or more Financial Services in or from the DIFC if such person is:
(a) an Authorised Firm whose Licence authorises it to carry on the relevant Financial Services;
(b) an External Fund Manager as defined in Article 20(5) of the Collective Investment Law 2010, in so far as its activities relate to a particular Domestic Fund that falls within Article 41(9); or
(c) an Authorised Market Institution whose Licence authorises it to carry on the relevant Financial Services.
(4) An Authorised Firm or Authorised Market Institution shall:
(a) act within the scope of its authority under its Licence; and
(b) comply with any condition or restriction applicable to its Licence.
(5) A person who is not an Authorised Firm or Authorised Market Institution shall not represent that he is such a person.