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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Authorised Market Institutions (AMI) [VER18/02-17]
Part 3 Licensing Requirements
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Jul 14 2013 onwards

AMI 5.6.1

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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) An Authorised Market InstitutionG must establish and maintain Business RulesG in accordance with the requirements in this section. Such rules must include:
(a) criteria governing the admission of MembersG and any other PersonsG to whom access to its facilities is provided;
(b) criteria governing the admission of Investments to trading, or clearing and settlement, as appropriate to its facilities;
(c) Default RulesG ; and
(d) any other matters necessary for the proper functioning of the Authorised Market InstitutionG and the facilities operated by it.
(2) An Authorised Market Institution'sG Business RulesG must:
(a) be based on objective criteria and non-discriminatory;
(b) be clear and fair;
(c) set out the Members' and other participants' obligations:
(i) arising from the Authorised Market Institution'sG constitution and other administrative arrangements;
(ii) when undertaking transactions on its facilities; and
(iii) relating to professional standards that must be imposed on staff and agents of the MembersG and other participants when undertaking transactions on its facilities;
(d) be legally binding and enforceable against the MembersG and other participants;
(e) be made publicly available free of charge;
(f) contain provisions for the resolution of Members'G and other participants' disputes and an appeal process from the decisions of the Authorised Market InstitutionG ; and
(g) contain disciplinary proceedings, including any sanctions that may be imposed by the Authorised Market InstitutionG against its MembersG and other participants.
Derived from RM118/2013 [VER15/07-13]