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Consultation Paper No. 24 on Limited Partnership Regulations
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Jan 20 2006 onwards

Consultation Paper No. 24 on Limited Partnership Regulations



JANUARY 2006

THIS DRAFT REGULATIONS ARE PUBLISHED FOR CONSULTATION PURPOSES ONLY. THE DIFCA AND THE DFSA RESERVE THE RIGHT TO AMEND THIS DRAFT AT THEIR SOLE DISCRETION.

Download this Consultation Paper in PDF format.

Download a copy of the DIFC Limited Partnership Regulations (LPR) PDF format.

THE DIFC AUTHORITY (DIFCA) AND THE DUBAI FINANCIAL SERVICES AUTHORITY ("DFSA") JOINT CONSULTATION PAPER ADDRESSED TO PARTIES INTERESTED IN THE DEVELOPMENT OF THE DUBAI INTERNATIONAL FINANCIAL CENTRE (THE "DIFC")

This paper consults on the proposed Limited Partnership Regulations. These Rules are attached as Annex A.

The draft Regulations are published for consultation purposes only jointly by the DIFCA and the DFSA. Please note that although the draft is in near final form, the DIFCA and the DFSA reserve the right to amend the draft at their sole discretion and as it is still “work in progress” it may therefore undergo further amendments prior to enactment.

Any persons wishing to submit comments should, where applicable, provide details of the organisations they represent. In addition, persons suggesting alternative approaches are encouraged to submit the proposed text of possible amendments that would be necessary to incorporate their suggestions.

Please note that the names of the commentators and the content of their submissions may be published on the DIFCA or the DFSA Websites and in other documents to be published by the DIFCA or the DFSA. If you wish your name to be withheld from publication, please indicate this when you make your submission.

The Regulations will be made under powers contained in the Limited Partnership Law 2006.

Comments are invited on any aspect of the regime proposed in this paper, on both the principles and the detailed drafting.

SUBMISSION OF COMMENTS

Any comments should be addressed to:
Dean Ferris
Chief Legal Officer
DIFCA
PO Box 74777
Dubai, UAE

or e-mailed to dean.ferris@difc.ae; and

Roberta Julfar
Legislative Counsel
DFSA
PO Box 75850
Dubai, UAE

or e-mailed to rjulfar@dfsa.ae

All comments should be provided in writing, on or before 19 February 2006.

DIFC AUTHORITY

DUBAI FINANCIAL SERVICES AUTHORITY

20 January 2006