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  • Schedule — Interpretation

    • 1. Rules of interpretation

      (1) In this Law, a reference to:
      (a) a statutory provision includes a reference to the statutory provision as amended or re-enacted from time to time;
      (b) a person includes any natural person, body corporate or body unincorporate, including a company, partnership, unincorporated association, government or state;
      (c) an obligation to publish or cause to be published a particular document shall, unless expressly provided otherwise in the Law, include publishing or causing to be published in printed or electronic form;
      (d) a day means, except where otherwise stated, a calendar day. If an obligation falls on a calendar day which is either a Friday or Saturday or an official StateG holiday in the DIFCG , the obligation shall take place on the next calendar day which is a business day;
      (e) a calendar year shall mean a year of the Gregorian calendar;
      (f) the singular includes the plural; and
      (g) the masculine gender includes the feminine.
      (2) The headings in this Law shall not affect its interpretation.

    • 2. Legislation in the DIFC

      References to legislation and GuidanceG in this Law shall be construed in accordance with the following provisions:

      (a) Federal Law is law made by the federal government of the StateG ;
      (b) Dubai LawG is law made by the Ruler, as applicable in the Emirate of Dubai;
      (c) DIFCG Law is law made by the Ruler (including, by way of example, this Law), as applicable in the DIFCG ;
      (d) this Law is The Markets Law 2012 made by the Ruler;
      (e) the Rules are legislation made by the DFSAG for the purpose of this Law and are binding in nature;
      (f) GuidanceG is indicative and non-binding and may comprise (i) guidance made and issued by the Chief ExecutiveG as notations to the Rules; and (ii) any standard or code of practice issued by the DFSAG which has not been incorporated into the Rules; and
      (g) references to "legislation administered by the DFSAG " are references to DIFCG Law and Rules conferring functions and powers on the DFSAG .

    • 3. Defined Terms

      In the Law, unless the context indicates otherwise, the defined terms listed below shall have the corresponding meanings:

      Term Definition
      Authorised Firm has the meaning given in Article 3 of Schedule 1 of the Regulatory Law 2004.
      Authorised Market Institution has the meaning given in Article 3 of Schedule 1 of the Regulatory Law 2004.
      Chief Executive has the meaning given in Article 3 of Schedule 1 of the Regulatory Law 2004.
      Court The DIFCG Court as established under Dubai Law.
      DFSA The Dubai Financial Services Authority.
      DFSA Board of Directors the governing body of the DFSAG established under Chapter 2 of Part 2 of the Regulatory Law 2004.
      DIFC the Dubai International Financial Centre.
      DIFC Law has the meaning given in Article 2(c) of Schedule 1 to the Regulatory Law 2004.
      Exempt Offer has the meaning prescribed in the Rules made under this Law.
      Exempt Offeror a person specified in Article 13(2) of this Law and any person prescribed in the Rules made for the purposes of that Article.
      Financial Markets Tribunal the Financial Markets Tribunal referred to in Article 26 of the Regulatory Law 2004.
      FMT the Financial Markets Tribunal.
      Investments has the meaning prescribed in the Rules made under the Regulatory Law 2004.
      Law the Markets Law 2012.
      Licence a licence granted by the DFSAG under Chapter 2 of Part 3 of the Regulatory Law 2004.
      Official List of Securities a list of Securities maintained by an Authorised Market InstitutionG or the DFSAG in accordance with this Law and the Rules made for the purposes of this Law.
      Public Listed Company Has the meaning given in Article 3, Schedule 1 of the Regulatory Law 2004.
      Reporting Entity Has the meaning given to that term in Article 38 of this Law.
      Registered Auditor An auditor registered by the DFSAG in accordance with Part 8 of the Regulatory Law 2004.
      Ruler the ruler of the Emirate of Dubai.
      Rules has the meaning given in Article 2 of Schedule 1 of the Regulatory Law 2004.
      Securities has the meaning prescribed in the Rules made under the Regulatory Law 2004.
      State United Arab Emirates
      Takeover takeover and merger transactions however effected, including schemes of arrangements which have similar commercial effect to takeovers and mergers, partial bids, bid by a parent company for shares in its subsidiary and (where appropriate) share repurchases by general bid.