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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
General Module (GEN) [VER46/01-20]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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  • Compliance arrangements

    • GEN 7.2.8

      In assessing whether an applicant has adequate compliance arrangements, the DFSA will consider whether it has:

      (a) clear and comprehensive policies and procedures relating to compliance with all applicable legal requirements including the Rules;
      (b) adequate means to implement those policies and procedures and monitor that they are operating effectively and as intended.
      [Amended] DFSA RM105/2012 (Made 23rd December 2012). [VER32/12-12]

    • GEN 7.2.9

      In assessing an application for a LicenceG , the DFSA may:

      (a) make any enquiries which it considers appropriate, including enquiries independent of the applicant;
      (b) require the applicant to provide additional information;
      (c) require the applicant to have information on how it intends to ensure compliance with a particular Rule;
      (d) require any information provided by the applicant to be verified in any way that the DFSA specifies; and
      (e) take into account any information which it considers relevant.

    • GEN 7.2.10

      (1) In assessing an application for a LicenceG the DFSA may, by means of written notice, indicate the legal form that the applicant may adopt to enable authorisation to be granted.
      (2) Where the DFSA thinks it appropriate it may treat an application made by one legal form or PersonG as having been made by the new legal form or PersonG .

    • GEN 7.2.11

      In assessing an application for a LicenceG authorising the applicant to Operate an Alternative Trading SystemG , the DFSA will have regard to, but is not limited to, considering the following matters:

      (a) whether the establishment of an Alternative Trading SystemG is, or is likely to be, in the interests of the Financial Services and MarketsG industry;
      (b) whether the Alternative Trading SystemG will or is likely to lead to more efficient price discovery of, or deepen liquidity in, an InvestmentG ; and
      (c) whether there is any risk of market fragmentation, loss of liquidity or inefficiency in price discovery as a result of the proposed Alternative Trading SystemG operation.