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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 - Aug 20 2014Aug 21 2014 onwards

MKT 4.2.4

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) A Reporting EntityG need not, subject to (2), make disclosure of information pursuant to Rule 4.2.1, where, in the reasonable opinion of the Reporting EntityG , the disclosure required by that Rule would:
(a) be unduly detrimental to the legitimate interests of the Reporting EntityG ; or
(b) disclose commercially sensitive material.
(2) Where a Reporting EntityG intends not to make the disclosure pursuant to (1), it must immediately file with the DFSAG a confidential report which:
(a) contains all the information which it seeks not to disclose and the reasons for non-disclosure; and
(b) is in the English language and, where any documents accompanying the report are not in the English language, an English translation of such documents.
(3) The DFSAG may:
(a) specify the period during which disclosure of the information included in the confidential report need not be disclosed to the markets; and
(b) extend the period referred to in (a) upon application by the Reporting EntityG .
(4) Where a confidential report is filed with the DFSAG under (2), the Reporting EntityG need not comply with the requirements in Rule 4.2.1 during the period permitted by the DFSAG pursuant to (3), unless or until one of the following occurs:
(a) the DFSAG directs the Reporting EntityG to comply with Rule 4.2.1;
(b) the Reporting EntityG becomes aware that there is a material change of circumstances that renders the reason for non-disclosure of the information no longer valid; or
(c) the Reporting EntityG becomes aware or has reasonable grounds to suspect that the relevant Inside InformationG has or may have come to the knowledge of any PersonG or PersonsG other than by way of selective disclosure in accordance with Rule 4.2.3.
(5) The procedures in Schedule 3 to the Regulatory Law apply to a decision of the DFSAG under (3) or (4)(a).
(6) If the DFSAG decides to exercise its power under (3) or (4)(a), the Reporting EntityG 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]