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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Markets Rules (MKT) [VER15/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • MKT 6.11.1

    (1) The DFSA will, pursuant to its power under Article 50(1) of the Law, issue a written notice directing a Reporting Entity of a Listed Fund (a "direction notice") to disclose specified information to the market and to take any other steps as the DFSA considers appropriate:
    (a) where it fails to comply with an obligation to disclose any information under the Law and the Rules;
    (b) to correct or prevent a false market if the DFSA reasonably considers that there is or is likely to be a false market in the Units of the Listed Fund;
    (c) where there is a rumour or media speculation in relation to the Reporting Entity or the Listed Fund that has not been confirmed or clarified by an announcement by the Reporting Entity made in accordance with Rule 6.5.1 and such rumour or media speculation is or is reasonably likely to have an impact upon the price of the Units; or
    (d) where it is in the interests of:
    (i) actual or potential investors;
    (ii) market integrity; or
    (iii) the DIFC.
    (2) A Reporting Entity which receives a direction notice issued pursuant to (1) must comply with the terms of that notice.
    Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
    [Amended] RM163/2015 (Made 9th December 2015). [VER7/02-16]