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Dubai Financial Services Authority (DFSA): Contents

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Jul 5 2012 - Aug 20 2014Aug 21 2014 onwards

MKT 2.7.1

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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.

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

(1) The DFSAG may, subject to (2), approve an offer document produced under legislation in a jurisdiction other than the DIFCG for the purposes of meeting the ProspectusG requirements in this chapter where:
(a) it is satisfied that:
(i) the ProspectusG contains information equivalent to that which is required for a ProspectusG in this chapter; and
(ii) the offeror meets all the other requirements relating to a Prospectus OfferG as prescribed in the RulesG ; or
(b) the other jurisdiction provides a level of regulation relating to the offer which is acceptable to the DFSAG .
(2) The DFSAG may, subject to (3), approve an offer document referred to in (1) in accordance with the requirements and procedures set out in section 2.6 and, subject to such conditions or restrictions imposed by the DFSAG as it sees fit.
(3) An application for approval of an offer document produced in accordance with the legislation in a jurisdiction other than the DIFCG must:
(a) be made using the appropriate form in AFN;
(b) be accompanied by the relevant fee prescribed in FER; and
(c) include:
(i) where the offer document referred to in (1) is not in the English language, an English translation acceptable to the DFSAG ; and
(ii) a clear statement that it is an offer document prepared in accordance with the requirements applicable in the relevant jurisdiction and not in the DIFCG .
(4) An offer document referred to in (1) is an Approved ProspectusG for the purposes of Article 14(1) of the Law where it has been approved by the DFSAG in accordance with the requirements in this RuleG and section 2.6.
(5) The procedures in Schedule 3 to the Regulatory Law apply to a decision of the DFSAG under this Rule not to approve an offer document or to impose conditions or restrictions on an approval.
(6) If the DFSAG decides to exercise its power under this Rule not to approve an offer document or to impose conditions or restrictions on an approval, the applicant may refer the matter to the FMTG for review.
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
[Amended] DFSA RM134/2014 (Made 21st August 2014). [VER5/06-14]