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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Financial Markets Tribunal

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(1 version)
Jul 5 2012 onwards

REC 2.4.1

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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.

For the purposes of Article 37(6) of the Law the Recognition CriteriaG for a Recognised BodyG are that:

(a) it is licensed or otherwise authorised to operate an exchange, clearing house or alternative trading system in a jurisdiction acceptable to the DFSA;
(b) it is regulated by a Financial Services RegulatorG to a standard satisfactory to the DFSA;
(c) the law and practice under which the Recognised BodyG is licensed or otherwise authorised is broadly equivalent to the DFSA's regulatory regime as it applies to a DIFC ExchangeG ;
(d) adequate arrangements exist, or will exist for co-operation between the DFSA and the Financial Services RegulatorG responsible for the Recognised Body'sG licensing and regulation.
(e) it has its head and registered offices outside of the DIFC; and
(f) it operates to a standard which would reasonably satisfy the Licensing Requirements for Authorised Market InstitutionsG set out in AMI.
Derived from DFSA RM90/2012 (Made 14th June 2012). [VER7/06-12]