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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
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
Notices
Financial Markets Tribunal
Archive

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  • GEN 2.2.13

    (1) The activity of maintaining a Trade RepositoryG may be carried on by an Authorised PersonG which is permitted to do so by an endorsement on its LicenceG .
    (2) In (1), a Trade RepositoryG is a centralised registry that maintains an electronic database containing records of transactions in InvestmentsG and over-the-counter derivatives.
    [Added] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]

    • GEN 2.2.13 Guidance

      1. Maintaining a Trade RepositoryG is not a separately licensed Financial ServiceG , but may be carried on by an Authorised PersonG which has on its LicenceG an endorsement permitting it to do so. An Authorised PersonG maintaining a Trade RepositoryG is subject to some specific requirements relating to that activity, which are set out in App 5.
      2. The functions of a Trade RepositoryG promote increased transparency and integrity of information, particularly for centrally clearing over-the-counter derivatives. Currently there are no transaction reporting requirements in the DIFCG which require reporting to Trade RepositoriesG .
      3. An Authorised PersonG does not carry on the activities of a Trade RepositoryG to the extent that it maintains records of transactions pursuant to the record keeping requirements applicable to that firm (such as those relating to transactions carried out on behalf of its ClientsG by an Authorised FirmG , or transactions carried out on the facilities of an Authorised Market InstitutionG ).
      [Added] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]