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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
PIB App5 Market Risk
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB A5.8.5

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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) An Authorised FirmG that buys and sells SecuritiesG before issue is dealing in the grey market for the purposes of this section.
(2) The other RulesG in PIB section A5.8 do not apply to an Authorised FirmG with respect to its dealings in the grey market unless the Authorised FirmG :
(a) has an UnderwritingG commitment to the IssuerG in respect of those SecuritiesG ; or
(b) has a sub-underwriting commitment in respect of those SecuritiesG and is using the grey market solely for the purpose of reducing that sub-underwriting commitment.
(3) The other RulesG in PIB section A5.8 do not apply to an Authorised FirmG with respect to its dealings in the grey market if the transaction is undertaken by the proprietary trading part of the Authorised FirmG or is undertaken for proprietary trading purposes.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]