Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
General Module (GEN) [VER40/08-17]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
May 24 2017 onwards

Introduction



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.

1. This chapter sets out the DFSA's approach to dealing with businesses that wish to test innovative financial technology (Fintech) in or from the DIFCG . In particular, it sets out how the DFSA will consider using its powers to waive or modify RulesG for businesses that are testing innovative Fintech.
2. In this way the DFSA may create a simplified regulatory framework tailored to the specific Fintech business proposal. This will allow the business operator (the Fintech Operator) to test innovative products, services and business models without having to comply with RulesG that may be inappropriate or disproportionate given the innovative nature of the business and that it is only at a testing stage.
3. The DFSA would however expect a Fintech business, once it is fully operational, to be able to comply with all relevant Rules applicable to the type of activities it carries on.
Derived from DFSA GMI11/2017 (Made 24th May 2017) [VER39/05-17]