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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
PIB App5 Market Risk
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • PIB A5.3.6

    An Authorised Firm must treat a Convertible as the underlying equity into which it converts, where:

    (a) the first date at which conversion can take place is less than three months ahead, or the next such date (where the first has passed) is less than a year ahead; and
    (b) the Convertible is trading at a premium of less than 10% to the underlying equity.
    Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]