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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Markets Rules (MKT) [VER15/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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(2 versions)
Jul 5 2012 - Jul 13 2013Jul 14 2013 onwards

MKT 3.4.3

Whole Section PDF

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 prohibition in Rule 3.4.2(1) does not apply in relation to any dealing in SecuritiesG where the Restricted PersonG has obtained prior clearance to deal as provided in (2) and (3).
(2) For the purposes of (1), prior written clearance to deal in the SecuritiesG of a Reporting EntityG must be obtained:
(a) from a DirectorG designated by the BoardG for the purposes of providing clearances to deal; and
(b) in the case of dealings by the DirectorG designated for the purpose of providing clearances to deal, from the full BoardG or another DirectorG designated by the BoardG for the purposes of providing such clearance.
(3) For the purposes of (1) and (2), a DirectorG of the Reporting EntityG must not be given written clearance to deal in any SecuritiesG of the Reporting EntityG during any period when there exists any matter which constitutes Inside InformationG unless the PersonG responsible for granting clearance has no reason to believe that the proposed dealing is or may be in breach of the Law or the RulesG .
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
[Amended] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]