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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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  • Exclusions

    • GEN 2.28.2

      A PersonG does not carry on the activity of Arranging CreditG under GEN Rule 2.28.1(1)(a) if that PersonG enters, or is to enter, into the transaction to Provide CreditG . This exclusion does not apply in the case of a branch which makes arrangements for its head office, or any other branch of the same legal entity as itself, to enter into a transaction as provided under GEN Rule 2.28.1(1)(a).

      Derived from DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]

    • GEN 2.28.3

      A PersonG does not make arrangements referred to in GEN Rule 2.28.1(1)(a) merely by providing means by which one party to a transaction is able to communicate with other such parties.

      Derived from DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]

    • GEN 2.28.4

      A PersonG does not carry on the activity referred to in GEN Rule 2.28.1(1)(a) by making arrangements under which another PersonG accepts or is to accept an instrument creating or acknowledging indebtedness in respect of any loan, credit, guarantee or other similar financial accommodation which he or his principal has made or provided.

      Derived from DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]

    • GEN 2.28.5

      A PersonG does not Arrange CreditG merely by making arrangements having as their sole purpose the provision of finance to enable a PersonG to buy, sell, subscribe for or underwrite InvestmentsG .

      Derived from DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]

    • GEN 2.28.6

      A PersonG does not carry on the activities in GEN Rule 2.28.1(1)(a) or (b) if the activity:

      (a) is carried on in the course of Providing Legal ServicesG or Providing Accountancy ServicesG , which does not otherwise consist of the carrying on of Financial ServicesG ;
      (b) may reasonably be regarded as a necessary part of any other services provided in the course of Providing Legal ServicesG or Providing Accountancy ServicesG ; and
      (c) is not remunerated separately from the other services.
      Derived from DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]

    • GEN 2.28.7

      A PersonG does not carry on the activity in GEN Rule 2.28.1(1)(b) by giving advice in any newspaper, journal, magazine, broadcast service or similar service in any medium if the principal purpose of the publication or service, taken as a whole, is neither:

      (a) that of giving advice of the kind mentioned in GEN Rule 2.28.1(1)(b); nor
      (b) that of leading or enabling PersonsG to enter into a particular Credit FacilityG .
      Derived from DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]

      • GEN 2.28.7 Guidance

        The Guidance relating to the exclusions from the activity of 'Arranging Deals in Investments' is generally relevant for the exclusions from 'Arranging Credit', although the activities relate to 'credit' in this context, instead of 'Investments'. To the extent relevant, a reference to an InvestmentG in that Guidance should be read as 'credit' for the purposes of Guidance on exclusions from 'Arranging Credit'.

        Derived from DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]

    • GEN 2.28.8

      A Crowdfunding OperatorG does not Arrange CreditG to the extent that it Operates a Loan Crowdfunding PlatformG .

      [Added] DFSA RMI201/2017 (Made 14th June 2017). [VER40/08-17]