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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
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Consultation Papers
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DFSA Codes of Practice
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GEN A2.1.1

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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.

Past version: effective up to Aug 31 2005.
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To view past versions of this module in PDF format, please visit the Archive.

An InvestmentG means:


(a) a share or stock in the share capital of any Body CorporateG (wherever incorporated) or any unincorporated body but excluding a Unit in a Collective Investment Fund;


(b) a DebentureG or other InstrumentG creating or acknowledging indebtedness, including but not limited to:
(i) a debenture;
(ii) DebentureG stock;
(iii) loan stock;
(iv) a bond; or
(v) a CertificateG of deposit;
but excluding:
(vi) an InstrumentG creating or acknowledging indebtedness for, or for MoneyG borrowed to defray, the consideration payable under a contract for the supply of goods or services;
(vii) a cheque or other bill of ExchangeG , a banker's draft or a letter of credit (but not a bill of ExchangeG accepted by a banker);
(viii) a banknote, a statement showing a balance on a BankG account, or a lease or other disposition of property; and
(ix) a Contract of InsuranceG ;


(c) a warrant or other InstrumentG entitling the holder to subscribe for any InvestmentG of the kind specified by (a) or (b);


(d) a CertificateG , receipt or other InstrumentG which confers contractual or PropertyG rights (other than rights of the type described in (e)):
(i) in respect of any InvestmentG of the kind specified by (a), (b) or (c), being an InvestmentG held by a PersonG (the first Person) other than the PersonG on whom the rights are conferred by the CertificateG , receipt or InstrumentG (the second Person); and
(ii) the transfer of which may be effected without the consent of that second PersonG ;


(e) an option to acquire or dispose of:
(i) a SecurityG or contractually based investment;
(ii) currency of any country or territory;
(iii) commodities of any kind; or
(iv) an option to acquire or dispose of an InvestmentG of the kind specified by this paragraph by virtue of (a), (b) or (c);


(f) a unit in or a share in a Collective Investment Fund;


(g) rights under a future or other contract:
(i) for the sale of a commodity or PropertyG of any other description under which delivery is to be made at a future date and at a price agreed on when the contract is made, but excluding rights under any contract which is made for commercial purposes and which is not subject to the rules of a regulated exchange; or
(ii) where the value of the contract is ultimately determined by reference, wholly or in part, to fluctuations in:
(A) the value or price of PropertyG of any description; or
(B) an index, interest rate, ExchangeG rate or other factor designated for that purpose in the contract; and
which is wholly settled by cash or set-off between the parties but excluding rights under:
(C) a contract where one or more of the parties takes delivery of any PropertyG to which the contract relates;
(D) a contract under which MoneyG is received by way of DepositG on terms that any ReturnG to be paid on the sum deposited will be calculated by reference to an index, interest rate, ExchangeG rate or other factor; or
(E) a Contract of InsuranceG ; or

Rights and Interests

(h) any right to or interest in anything which is specified by any of (a)–(g).
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]