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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
Authorised Market Institutions (AMI) [VER18/02-17]
Part 3 Licensing Requirements
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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(1 version)
Jul 14 2013 onwards

AMI 5.6.5

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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 Market InstitutionG must, subject to Rule 5.6.6, before making any amendment to its Business RulesG , undertake public consultation on the proposed amendment in accordance with the requirements in this Rule.
(2) For the purposes of (1), an Authorised Market InstitutionG must:
(a) publish a consultation paper setting out:
(i) the text of both the proposed amendment and the Business RulesG that are to be amended;
(ii) the reasons for proposing the amendment; and
(iii) a reasonable consultation period, which must not be less than 30 days from the date of publication, within which MembersG and other stakeholders may provide comments; and
(b) lodge with the DFSAG the consultation paper referred to in (a) no later than the time at which it is released for public comment.
(3) The DFSAG may, where it considers on reasonable grounds that it is appropriate to do so, require the Authorised Market InstitutionG to extend its proposed period of public consultation specified in the consultation paper. An Authorised Market InstitutionG must comply with such a requirement.
(4) An Authorised Market InstitutionG must:
(a) facilitate, as appropriate, informal discussions on the proposed amendment with MembersG and other stakeholders including any appropriate representative bodies of such PersonsG ;
(b) consider the impact the proposed amendment has on the interests of its MembersG and other stakeholders;
(c) have proper regard to any public comments received.
(5) Following public consultation, an Authorised Market InstitutionG must, before the date on which the proposed amendment comes into effect, lodge with the DFSAG :
(a) a summary of any public comments received, and how any issues raised by those comments have been addressed; and
(b) any changes made to the initial proposals as a result of the public comments, and if no changes have been made, a statement to that effect.
Derived from RM118/2013 [VER15/07-13]