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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
GEN 2 Financial Services
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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  • GEN 2.17.1

    (1) In GEN Rule 2.2.2, Operating an ExchangeG means operating a facility which functions regularly and brings together multiple third party buying and selling interests in InvestmentsG , in accordance with its nondiscretionary rules, in a way that can result in a contract in respect of InvestmentsG admitted to trading or traded on the facility.
    (2) The facility referred to in (1) may be organised on a temporary or permanent basis and can be an order driven system, a quote driven system or a hybrid of such systems that enables the market to operate electronic trading or trading by other means.
    Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
    [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]
    [Amended] DFSA RM166/2016 (Made 10th February 2016). [VER36/04-16]

    • GEN 2.17.1 Guidance

      1. An Authorised Market InstitutionG authorised to Operate an ExchangeG may carry on the Financial ServiceG of operating a Multilateral Trading FacilityG , as defined in GEN Rule 2.22.1(1)(a), provided it has an endorsement on its LicenceG that permits it to do so (see GEN Rule 2.2.12).
      2. An Authorised Market InstitutionG may also act as a Trade RepositoryG if it has an endorsement on its LicenceG that permits it to do so (see GEN Rule 2.2.13). Acting as a Trade RepositoryG does not constitute a Financial ServiceG but is subject to the additional conduct requirements in GEN App 5.
      [Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]
      [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]
      [Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]