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Up to May 1 2010May 2 2010 onwards

8. The powers of the DFSA to make Rules



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(1) The DFSA Board of Directors may make Rules for the purposes of this Law pursuant to the power conferred upon it under Article 23 of the Regulatory Law 2004.
(2) Without limiting the generality of Article 23 of the Regulatory Law 2004, the DFSA Board of Directors may make:
(a) Rules in relation to the licensing and supervision of Authorised Market Institutions;
(b) Rules in relation to the offer of Securities in or from the DIFC which will be known as the Offered Securities Rules;
(c) Rules in relation to the maintenance of Official Lists of Securities which will be contained in the Offered Securities Rules;
(d) Rules in relation to the corporate governance and disclosure obligations of Reporting Entities which will be contained in the Offered Securities Rules;
(e) Rules in relation to takeovers, mergers and acquisitions of Reporting Entities which will collectively be known as the Takeover Rules;
(f) Rules for market participants in relation to market conduct which will be known as the Market Conduct Rules; and
(g) Guidance and general policy on Rules made for the purpose of this Law.
(3) Where any legislation made for the purposes of this Law purports to be made in exercise of a particular power, it shall be taken also to be made in the exercise of all powers under which it may be made.
(4) The DFSA Board of Directors shall publish draft Rules in the manner prescribed under Article 24 of the Regulatory Law 2004.