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Dubai Financial Services Authority (DFSA): Contents

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

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  • Prohibition on Dealing

    • MKT 3.4.2

      (1) A Restricted PersonG must not engage in dealing in the SecuritiesG of the Reporting EntityG during a close period except in the circumstances specified in Rule 3.4.3 or 3.4.4.
      (2) For the purposes of this Rule:
      (a) a "close period" is:
      (i) the period from the relevant financial year end up to and including the time of the announcement or publication of the annual financial reports; and
      (ii) if the Reporting EntityG reports on a semi-annual basis, the period from the end of the relevant semi-annual financial period up to and including the time of the announcement or publication; or
      (iii) if the Reporting EntityG reports on a quarterly basis, the period from the end of the relevant quarter up to and including the time of the announcement.
      (b) "dealing in Securities" means:
      (i) any acquisition or disposal of, or agreement to acquire or dispose of, Securities of the Reporting EntityG ;
      (ii) entering into a contract (such as a contract for difference) the purpose of which is to secure a profit or avoid a loss by reference to fluctuations in the price of the SecuritiesG of the Reporting EntityG ;
      (iii) the grant, acceptance, acquisition, disposal, exercise or discharge of any option to acquire or dispose of any SecuritiesG of the Reporting EntityG ;
      (iv) entering into, or terminating, assigning or novating any stock lending agreement in respect of the Securities of the Reporting EntityG ;
      (v) using as security, or otherwise granting a charge, lien or other encumbrance over the Securities of the Reporting EntityG ; or
      (vi) any other transaction including a transfer for no consideration, or the exercise of any power or discretion effecting a change of ownership of a beneficial interest in, the Securities of the Reporting EntityG .
      (3) The prohibition in (1) applies to any dealing by Restricted PersonsG whether or not such dealings are with another Restricted PersonG or any other PersonG .
      Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]