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Jul 5 2012 - Aug 20 2014Aug 21 2014 onwards

70. Jurisdiction of the Financial Markets Tribunal



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(1) The Financial Markets Tribunal has additional jurisdiction as set out in Article 70(2).
(2) The Financial Markets Tribunal has jurisdiction to hear and determine proceedings relating to:
(a) an issue arising out of supervision relating to an Authorised Market Institution other than a direction under Article 26(2);
(b) an issue arising out of offers of Securities arising under this Law;
(c) an issue arising out of a takeover, takeover offer, merger or acquisition of shares; or
(d) any matter that may be prescribed by law or the Rules for the purpose of this Article.
(3) A proceeding brought under Article 70(2) shall be referred to as a "regulatory proceeding" for the purposes of this Part.
(4) A regulatory proceeding under this Part does not include an appeal of a DFSA decision.
(5) A regulatory proceeding under this Part may be brought by the DFSA or by another person with the consent of the DFSA.
(6) Subject to Article 70(7), an appeal from a determination from the Financial Markets Tribunal may be made to the Court pursuant to Article 32(5) of the Regulatory Law 2004.
(7) An appeal lies to the Court on a point of law from a determination by the Financial Markets Tribunal of an appeal to the Tribunal prescribed by Rules made by the DFSA for the purposes of this Article.