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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Authorised Market Institutions (AMI) [VER18/02-17]
Part 3 Licensing Requirements
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • AMI 5.11.2

    (1) Without limiting the generality of Rule 5.11.1, an Authorised Market InstitutionG must:
    (a) operate appropriate measures to identify, deter and prevent Market AbuseG , money laundering and financial crime on and through the Authorised Market Institution'sG facilities; and
    (b) report promptly to the DFSAG any Market AbuseG , money laundering and financial crime, as required.
    (2) For the purposes of (1)(a), an Authorised Market InstitutionG must:
    (a) include in its Business RulesG a regime to prevent Market AbuseG , money laundering and financial crime that meets the requirements in (3), which is applicable to its Members; and
    (b) implement adequate measures to ensure that its MembersG comply with that regime.
    (3) The regime referred to in (2)(a) must, at a minimum, include rules and procedures in relation to:
    (a) compliance arrangements to prevent Market AbuseG , money laundering and financial crime;
    (b) transaction monitoring;
    (c) risk assessment; and
    (d) training.
    Derived from RM118/2013 [VER15/07-13]
    [Amended] RM193/2016 (Made 7th December 2016). [VER18/02-17]

    • AMI 5.11.2 Guidance

      1. Abusive, improper and fraudulent purposes include:
      a. trades intended to create a false appearance of trading activity;
      b trades which one party does not intend to close out or settle;
      c. conduct which is likely to result in disorderly trading in the market; and
      d. any contravention of the provisions in Part 6: Prevention of Market AbuseG in the Markets LawG .
      2. An Authorised Market InstitutionG must have an effective surveillance system in place for:
      a. the coordinated surveillance of all activity on or through its facilities and activity in related Investments conducted elsewhere; and
      b. communicating information about Market AbuseG and financial crime to the DFSAG or appropriate regulatory authorities.
      Derived from RM118/2013 [VER15/07-13]
      [Amended] RM193/2016 (Made 7th December 2016). [VER18/02-17]