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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 5.11.1 Guidance

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. To satisfy the DFSAG that Rule 5.11.1(a) is met, an Authorised Market InstitutionG should have rules and procedures in place for:
a. preventing and detecting the use of its facilities for abusive, improper or fraudulent purposes; and
b. preventing the improper, reckless or negligent use of its facilities.
2. In determining whether an Authorised Market InstitutionG is ensuring that business conducted on its facilities is conducted in an orderly manner, the DFSAG will consider:
a. arrangements for pre and post trade transparency, taking into account the nature and liquidity of the Investments traded; and
b. the need to provide anonymity for trading participants.
3. An Authorised Market InstitutionG Operating an ExchangeG will also have appropriate procedures allowing it to influence trading conditions, impose a trading halt promptly when required, and to support or encourage liquidity when necessary to maintain an orderly market. The DFSAG will consider the transparency of such procedures and the fairness of their application and potential application.
4. In addition, MembersG who are Authorised Firms should be able to satisfy any other legal obligations they may have, including those to ClientsG that may exist under COBG .
5. AMLG module contains AML obligations of an Authorised Market InstitutionG .
Derived from RM118/2013 [VER15/07-13]