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Notice of Amendments to Legislation 23 December 2012
Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 79, 80, 81, 84 and 85 the DFSA Board after due consideration of consultees comments, recommended to His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, the President of the DIFC that amendments be made to the Regulatory Law 2004, the Law Regulating Islamic Financial Business 2004 and the Collective Investment Law 2010. The DFSA Board also made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.
TAKE NOTICE THAT:
His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 16 December 2012 enacted the DIFC Laws Amendment (No.2) Law of 2012 to come into force on 23 December 2012.
To view the changes made to the Regulatory Law 2004, the Law Regulating Islamic Financial Business 2004 and the Collective Investment Law 2010 please consult the amendment law which is published on the "Amendments to Legislation" section of the DFSA website.
The DFSA Board made the following Rulemaking Instruments to come into force on the date the Law comes into force (23 December 2012)
The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.
The amendments made to the above legislation are as a result of the following consultation papers:
FURTHER TAKE NOTICE THAT:
The Chief Executive of the DFSA has issued an updated RPP module. The updated Sourcebook module is effective on 23 December 2012.
19 December 2012