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Aug 14 2014 onwards

Notice of Forthcoming Amendments to Legislation August 2014



Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 90, 91, 92, 93, 94 and 95 and the enactment of the DIFC Laws Amendment Law 2014 on the 24 July 2014, the DFSA Board, after due consideration of consultees comments, will make amendments to the DFSA Rulebook Modules. The detailed amendments and consolidated revisions of these updated modules are set out below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

TAKE NOTICE THAT:

The following Rulemaking Instruments will come into force on the date the DIFC Laws Amendment Law 2014 comes into force, that is, 21 August 2014.

•    AUDITOR MODULE (AUD) INSTRUMENT (NO 130) 2014, which makes a new Auditor (AUD) module of the DFSA Rulebook (see appendix 1 attached hereto for the new module);
•    GENERAL MODULE (GEN) INSTRUMENT (NO 131) 2014, which repeals and replaces the General (GEN) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments);
•    ANTI MONEY LAUNDERING MODULE (AML) INSTRUMENT (NO 132) 2014, which repeals and replaces the Anti Money Laundering (AML) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto for the detailed amendments);
•    AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (NO 133) 2014, which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 4 attached hereto for the detailed amendments).
•    MARKETS RULES MODULE (MKT) INSTRUMENT (NO 134) 2014, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 5 attached hereto for the detailed amendments);
•    PRUDENTIAL - INVESTMENT, INSURANCE INTERMEDIATION AND BANKING (PIB) INSTRUMENT (NO 135) 2014, which repeals and replaces the Prudential - Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendix 6 attached hereto for the detailed amendments).
•    PRUDENTIAL – INSURANCE BUSINESS (PIN) INSTRUMENT (NO 136) 2014, which repeals and replaces the Prudential – Insurance Business (PIN) module of the DFSA Rulebook with an updated version (see appendix 7 attached hereto for the detailed amendments).
•    COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (NO 137) 2014, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 8 attached hereto for the detailed amendments).
•    PRICE STABILISATION MODULE (PRS) INSTRUMENT (NO 138) 2014, which repeals and replaces the Price Stabilisation (PRS) module of the DFSA Rulebook with an updated version (see appendix 9 attached hereto for the detailed amendments).
•    ISLAMIC FINANCE RULES (IFR) INSTRUMENT (NO 139) 2014, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 10 attached hereto for the detailed amendments).
•    RECOGNITION MODULE (REC) INSTRUMENT (NO 140) 2014, which repeals and replaces the Recognition (REC) module of the DFSA Rulebook with an updated version (see appendix 11 attached hereto for the detailed amendments);
•    FEES MODULE (FER) INSTRUMENT (NO 141) 2014, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 12 attached hereto for the detailed amendments);
•    TAKEOVER RULES MODULE (TKO) INSTRUMENT (NO 142) 2014, which repeals and replaces the Takeover Rules (TKO) module of the DFSA Rulebook with an updated version (see appendix 13 attached hereto for the detailed amendments);
•    GLOSSARY MODULE (GLO) INSTRUMENT (NO 143) 2014, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 14 attached hereto for the detailed amendments);

The rule-making instruments mentioned above and the appendices to this notice can be viewed under the “Amendments to Legislation” section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

Issued
14 August 2014