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Sep 16 2014 onwards

Exempt Offeror Declaration Notice – Government of Sharjah and Sharjah Sukuk Limited



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NOTICE OF APPROVAL OF GOVERNMENT OF SHARJAH AND SHARJAH SUKUK LIMITED AS EXEMPT OFFERORS UNDER RULE A5.1.1 OF MARKETS RULES

THE DFSA HEREBY GIVES NOTICE THAT:

in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following Persons as Exempt Offerors for purposes of Article 13(3) of the Markets Law 2012:

(1) The Government of Sharjah, Al Layyeh Suburb, P.O. Box 201 Sharjah, United Arab Emirates; and
(2) Sharjah Sukuk Limited, c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman KY1 1104, Cayman Islands.

As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 and the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Persons.

EFFECTIVE PERIOD

This Notice comes into effect on 16 September 2014 and remains in effect until further notice.

INTERPRETATION

The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

THIS NOTICE IS ISSUED AT 10:00 hours on 16 September 2014 by:

……………………………………………
Bryan Stirewalt, Acting Chief Executive
The Dubai Financial Services Authority