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  • 10-2 Purpose and Scope of the DFSA's Naming Policy

    • 10-2-1

      This policy aims to ensure that entities operating in or from the DIFCG use names that are fair and clear so as not to mislead consumers. Naming conventions for Authorised FirmsG are an important element of consumer protection.

      Derived from Notice of Updates (Made 14th July 2015). July 2015 Edition

    • 10-2-2

      This policy is aimed primarily at entities which are authorised to carry on a Financial ServiceG , which include applicants for Authorisation, or others which otherwise fall within the DFSAG regulatory perimeter e.g. funds and trusts (referred to collectively as "firms" in this chapter). However, this policy will also be relevant to unregulated entities to the extent that such a person uses a name that suggests, or could suggest, that the person is authorised to carry on a Financial ServiceG .

      Derived from Notice of Updates (Made 14th July 2015). July 2015 Edition

    • 10-2-3

      This policy applies to any entity in the DIFCG that uses or proposes to use in its business name or trading name:

      (a) the word "bank" or any of its derivatives;
      (b) the word "insurer" or any of its derivatives;
      (c) the word "trust" or any of its derivatives;
      (d) any other words connected to financial services;
      (e) any other words which suggest that it is authorised to carry on a Financial ServiceG ; and
      (f) any other words that are misleading in light of its actual business activities.
      Derived from Notice of Updates (Made 14th July 2015). July 2015 Edition

    • 10-2-4

      Any reference in this policy to words used in names, such as "bank" or "insurance" includes their derivations, regardless of the language used, unless expressly stated otherwise.

      Derived from Notice of Updates (Made 14th July 2015). July 2015 Edition