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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
Sourcebook Modules
Consultation Papers
Past Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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Annex F Ancillary Service Providers Module (ASP)

2.2 By way of business


A Person carries on an activity specified in Rule 2.1.1(2) by way of business only if he carries on that activity from a permanent place of business maintained by him in the DIFC and:

(a) engages in that activity in a manner which constitutes the carrying on of a business by him;
(b) holds himself out as willing and able to engage in that activity; or
(c) regularly solicits other Persons to engage with him in transactions constituting that activity.



A Person does not carry on an activity specified in Rule 2.1.1(2) by way of business where he enters into transactions solely as trustee or nominee for another Person and is acting on that Person’s instructions.