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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(2 versions)
Up to Jan 3 2009Jan 4 2009 onwards

GEN A2.2.1 Guidance

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.

To view past versions of this module in PDF format, please visit the Archive.


1.  A DebentureG may include a bond, debenture stock, loan stock or note. Certain Islamic products ("SukukG ") structured as a debt instrument can also fall within this definition.
2.  If the interest or financial return component on a debt instrument is to be calculated by reference to fluctuations of an external factor such as an index, exchange rate or interest rate, that does not prevent such an instrument being characterised as a DebentureG .


A WarrantG confers on the holder an entitlement (but not an obligation) to acquire an unissued ShareG , DebentureG or UnitG , thereby distinguishing it from a call OptionG which entitles the holder, upon exercise, to acquire an already issued (i.e. existing) SecurityG .


CertificatesG confer rights over existing SharesG , DebenturesG , UnitsG or WarrantsG held by a PersonG and include receipts, such as Global Depository ReceiptsG (i.e. GDRs).

Structured Products

1.  Instruments previously known as Designated InvestmentsG are now included within the definition of Structured ProductsG .
2.  The reference in GEN Rule A2.2.1(f)(i) to "property of any description" covers tangible or intangible property, including SecuritiesG .
[Added] DFSA RM62/2008 (Made 4th January 2009). [VER22/01-09]