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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(2 versions)
Up to Jan 31 2016Feb 1 2016 onwards

GEN 6.5.1 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. In considering the location of an Authorised Firm'sG or Authorised Market Institution'sG head office, the DFSAG will have regard to the location of its directors, partners and senior management and to the main location of its day-to-day operational, control, management and administrative arrangements and will judge matters on a case by case basis.
2. An Authorised FirmG , Authorised Market InstitutionG or an applicant for authorisation which does not satisfy the DFSAG with respect to the location of its offices will, on this point alone not be considered fit and proper or able to satisfy the Licensing RequirementsG .
3. The DFSAG expects all Authorised PersonsG to have a physical presence, including EmployeesG , in the DIFCG . The DFSAG does not permit 'brass plate' operations i.e. offices with the name of the entity but with no staff or where no meaningful activity takes place.
4. The Companies Law, Limited Partnership Law and General Partnership Law of the DIFCG also require entities to which they apply, to have a registered office in the DIFCG , and to carry on their principal business activity in the DIFCG .
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM155/2015 (Made 9th December 2015) [VER35/02-16]