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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
Authorised Market Institutions (AMI) [VER18/02-17]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices

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  • Notification for Changes in Control Relating to an Authorised Market Institution Incorporated Under Non-DIFC Law

    • AMI 8.2.7

      (1) In the case of an Authorised Market InstitutionG which is incorporated other than under DIFCG law, a written notification to the DFSAG must be submitted by a ControllerG or a PersonG proposing to become a ControllerG in accordance with (3) in respect of any one of the events specified in (2).
      (2) For the purposes of (1), a notification to the DFSAG is required when:
      (a) a Person becomes a ControllerG ;
      (b) an existing ControllerG proposes to cease being a ControllerG ; or
      (c) an existing Controller'sG holding is:
      (i) increased from below 30% to 30% or more;
      (ii) increased from below 50% to 50% or more; or
      (iii) decreased from more than 50% to 50% or less.
      (3) The notification required under (1) must be made using the appropriate form in AFNG as soon as possible, and in any event, before making the relevant acquisition or disposition.
      Derived from RM118/2013 [VER15/07-13]