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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Collective Investment Rules (CIR) [VER26/12-19 ]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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(1 version)
Dec 18 2018 onwards

CIR 3.1.12

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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 FundG is an Exchange Traded FundG ("ETF") if it:
(a) is constituted as an Open-ended Public FundG ;
(b) has its UnitsG available for trading throughout the day on an exchange that meets the criteria in (2); and
(c) has at least one market maker (Authorised Participant) who:
(i) purchases and redeems "creation UnitsG " of the FundG from the Fund ManagerG ; and
(ii) is prepared to buy and sell UnitsG of the FundG throughout the day on the relevant exchange.
(2) An exchange meets the requirement in (1)(b) if it is:
(a) operated by an Authorised Market InstitutionG ;
(b) regulated by a Financial Services RegulatorG in a jurisdiction that is a signatory to the IOSCO Multilateral Memorandum of Understanding for sharing information; or
(c) regulated by a Financial Services RegulatorG in a jurisdiction which has entered into a bilateral memorandum of understanding with the DFSAG for sharing information.
Derived from DFSA RM218/2018 (Made 22nd February 2018) [VER23/12-18]