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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 4.5 Power to Direct Disclosure

    • MKT 4.5 Guidance

      Article 50 of the Law gives the DFSAG the power to direct a Reporting EntityG to disclose specified information to the market or take such other steps as the DFSAG considers appropriate where it is satisfied that it is in the interest of the DIFCG to do so.

      Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
      [Amended] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]

    • MKT 4.5.1

      (1) The DFSAG may, pursuant to its power under Article 50(1)(a) of the Law, issue a written notice directing a Reporting EntityG (a "direction notice") to disclose specified information to the market and to take any other steps as the DFSAG considers appropriate in the following circumstances:
      (a) where a Reporting EntityG 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 DFSAG reasonably considers that there is or is likely to be a false market in a Reporting Entity'sG SecuritiesG ;
      (c) where there is a rumour or media speculation in relation to the Reporting EntityG or the relevant SecuritiesG that has not been confirmed or clarified by an announcement by the Reporting EntityG made in accordance with Rule 4.2.1 and such rumour or media speculation is or is reasonably likely to have an impact upon the price of the Reporting EntityG or the relevant SecuritiesG ; or
      (d) where it is in the interests of:
      (i) actual or potential investors;
      (ii) market integrity; or
      (iii) the DIFCG .
      (2) A Reporting EntityG 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] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]