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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
GEN 2 Financial Services
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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GEN 2.17.1

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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.

Past version: effective up to Jul 13 2013.
To view other versions open the versions tab on the right.

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

In GEN Rule 2.2.2, Operating an ExchangeG means operating a facility:

(a) organised on a temporary or permanent basis, whether or not governed by enforceable rules;
(b) which provides a market, whether primary or secondary or both, for the trading of InvestmentsG ;
(c) which provides a system or mechanism, whether an order driven system, a quote driven system or a hybrid of such systems, enabling the market to operate by face to face trading (open outcry), electronic trading or trading by other means; and
(d) through which:
(i) offers to buy or sell InvestmentsG are made or accepted;
(ii) buyers and sellers can negotiate the purchase or sale of InvestmentsG ;
(iii) contracts can be entered into for the transfer of ownership of or the title to InvestmentsG ;
(iv) the timely discharge (whether by performance, compromise or otherwise) of the rights and liabilities of the parties to the transactions in respect of which they provide such services (being rights and liabilities in relation to those transactions) is secured; or
(v) the prices of InvestmentsG , price movements and price and size of the most recent trades are displayed and updated.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]