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Jul 5 2012 onwards

REC 1.1.1 Guidance



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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. A Recognised PersonG is defined in Article 37(3) as a Recognised body or a Recognised MemberG . A Recognised BodyG and a Recognised MemberG are also defined in Article 37(3) as follows:
a. "recognised body" means a person which operates an exchange, clearing house or alternative trading system in a jurisdiction other than the DIFC which has been admitted to, and appears on, the list of recognised bodies maintained by the DFSA pursuant to this Article.
b. "recognised member" means a person located in a jurisdiction other than the DIFC which has been admitted to, and appears on, the list of recognised members maintained by the DFSA pursuant to this article.
2. References to Articles made in this module are references to Articles in the Markets Law 2012 unless otherwise stated.
3. This module is divided into three main chapters. Chapter 2 sets out the requirements for admission to the list of Recognised PersonsG , including the Recognition CriteriaG a Recognised PersonG must satisfy at the time of admission to the list of Recognised Persons and on a continuing basis. Chapter 3 sets out types of information a Recognised PersonG must provide the DFSA with on an ongoing basis, and in the case of a Recognised BodyG the information that must be included in its annual report to the DFSA. Chapter 4 sets out the process for a Recognised PersonG to request removal from the list of Recognised PersonsG , and also contains the requirements on the DFSA if it removes a Recognised PersonG from the list.
4. The following parts of the DFSA Rulebook also apply to Recognised PersonsG :
Module Applicable chapters
General (GEN) GEN 1 and GEN 6
Enforcement (ENF) All chapters
5. The Regulatory Policy and Process Sourcebook (RPP) may also be relevant to Recognised PersonsG .
Derived from DFSA RM90/2012 (Made 14th June 2012). [VER7/06-12]