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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Notice of Amendments to Legislation
Notice of Amendments to Legislation June 2019
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • Notice of Amendments to Legislation

    • Notice of Amendments to Legislation June 2019

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 124 the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      The DFSA Board also amended the AML module of the Rulebook to make various minor and consequential amendments to update or correct references that are no longer correct due to the entry into force of new Federal AML legislation.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 July 2019

      •    GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 253) 2019, which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •    CONDUCT OF BUSINESS MODULE (COB) RULE-MAKING INSTRUMENT (No. 254) 2019, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •    COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (No. 255) 2019, which repeals and replaces the Collective Investment Rules (CIR) of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •    MARKETS RULES (MKT) RULE-MAKING INSTRUMENT (No. 256) 2019, which repeals and replaces the Markets Rules (MKT) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •    GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 257) 2019, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments); and
      •    ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS MODULE (AML) INSTRUMENT (No. 258) 2019, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      27 June 2019

    • Notice of Amendments to Legislation February 2019

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 122 and 123 the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 25 February 2019

      •   FUND PROTOCOL RULES (FPR) RULE-MAKING INSTRUMENT (No. 233) 2019, which makes the Fund Protocol Rules (FPR) of the DFSA Rulebook (see appendix 1 for the new FPR module);
      •   GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 234) 2019, which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •   COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (No. 235) 2019, which repeals and replaces the Collective Investment Rules (CIR) of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •   GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 236) 2019, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •   FEES MODULE (FER) RULE-MAKING INSTRUMENT (No. 237) 2019, which repeals and replaces the Fees Module (FER) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);
      •   MARKETS RULES (MKT) RULE-MAKING INSTRUMENT (No. 238) 2019, which repeals and replaces the Markets Rules (MKT) of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments);
      •   CONDUCT OF BUSINESS MODULE (COB) RULE-MAKING INSTRUMENT (No. 239) 2019, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 7 for the detailed amendments); and
      •   PRUDENTIAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING BUSINESS MODULE (PIB) RULE-MAKING INSTRUMENT (No. 240) 2019, which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the DFSA Rulebook with an updated version (see appendix 8 for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      20 February 2019

    • Notice of Amendments to Legislation December 2018

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 115, the DFSA Board after due consideration of consultees comments, recommended to His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, the President of the DIFC that amendments be made to the Collective Investment Law 2010. The DFSA Board also made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      His Highness Sheikh Mohammed Bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 5 November 2018 enacted the Collective Investment Law Amendment Law, DIFC Law No. 9 of 2018 to come into force on 18 December 2018. To view the changes made to the Collective Investment Law 2010, please consult the amendment law which is published on the "Amendments to Legislation" section of the DFSA website.

      AND

      The DFSA Board made the following Rulemaking Instruments to come into force on the date the Law comes into force (18 December 2018)

      •   COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (No. 218) 2018, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •   MARKETS RULES (MKT) RULE-MAKING INSTRUMENT (No. 219) 2018, which repeals and replaces the Markets Rules (MKT) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •   ISLAMIC FINANCE RULES (IFR) (No. 220) 2018, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •   GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 221) 2018, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments); and
      •   FEES MODULE (FER) RULE-MAKING INSTRUMENT (No. 222) 2018, which repeals and replaces the Fees Module (FER) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      10 December 2018

    • Notice of Amendments to Legislation October 2018

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 118 and 120, the DFSA Board after due consideration of consultees comments, recommended to His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, the President of the DIFC that amendments be made to the Regulatory Law 2004. The DFSA Board also made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      His Highness Sheikh Mohammed Bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 19 September 2018 enacted the Regulatory Law Amendment Law, DIFC Law No. 6 of 2018 to come into force on 29 October 2018.

      To view the changes made to the Regulatory Law 2004, please consult the amendment law which is published on the "Amendments to Legislation" section of the DFSA website.

      AND

      The DFSA Board made the following Rulemaking Instruments to come into force on the date the Law comes into force (29 October 2018)

      •   ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS MODULE (AML) INSTRUMENT (No. 223) 2018, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •   GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 224) 2018, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •   ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS MODULE (AML) INSTRUMENT (No. 231) 2018, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •   CONDUCT OF BUSINESS MODULE (COB) (No. 232) 2018, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      1 October 2018

    • Notice of Amendments to Legislation July 2018

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 117 the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 August 2018.

      •   GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 225) 2018, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •   CONDUCT OF BUSINESS MODULE (COB) (No. 226) 2018, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •   PRUDENTIAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING BUSINESS MODULE (PIB) RULE-MAKING INSTRUMENT (No. 227) 2018, which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •   FEES MODULE (FER) RULE-MAKING INSTRUMENT (No. 228) 2018, which repeals and replaces the Fees Module (FER) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •   GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 229) 2018, which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);
      •   MARKETS RULES (MKT) RULE-MAKING INSTRUMENT (No. 230) 2018, which repeals and replaces the Markets Rules (MKT) of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      19 July 2018

    • Notice of Amendments to Legislation February 2018

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 116 the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 April 2018.

      •  GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 211) 2018, which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •  MARKETS RULES (MKT) RULE-MAKING INSTRUMENT (No. 212) 2018, which repeals and replaces the Markets Rules (MKT) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •  PRICE STABILISATION MODULE (PRS) RULE-MAKING INSTRUMENT (No. 213) 2018, which repeals and replaces the Price Stabilisation Module (PRS) of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •  FEES MODULE (FER) RULE-MAKING INSTRUMENT (No. 214) 2018, which repeals and replaces the Fees Module (FER) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •  PRUDENTIAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING BUSINESS MODULE (PIB) RULE-MAKING INSTRUMENT (No. 215) 2018, which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);
      •  REPRESENTATIVE OFFICE MODULE (REP) RULE-MAKING INSTRUMENT (No. 216) 2018, which repeals and replaces the Representative Office Module (REP) of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments); and
      •  GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 217) 2018, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 7 for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      27 February 2018

    • Notice of Amendments to Legislation November 2017

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 113 and 114 the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 January 2018.

      •   PRUDENTlAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) (No. 209) 2017, which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendices 1 and 3 for the detailed amendments); and
      •   ISLAMIC FINANCE RULES (IFR) (No. 210) 2017, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments).
      •  The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      1 November 2017

    • Notice of Amendments to Legislation July 2017

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 110 the DFSA Board, after due consideration of consultees' comments — please refer to the DFSA Feedback Statement on the public comments received — made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 January 2018:

      •  FEES MODULE (FER) INSTRUMENT (No. 207) 2017, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •  PRUDENTlAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) (No. 208) 2017, which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •  PRUDENTIAL — INSURANCE BUSINESS MODULE (PIN) (No. 199) 2017, which repeals and replaces the Prudential –Insurance Business (PIN) module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •  RECOGNITION (REC) INSTRUMENT (No. 200) 2017, which repeals and replaces the Recognition (REC) module of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      4 July 2017

    • Notice of Amendments to Legislation June 2017

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 109 and 111 the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 August 2017

      •  GENERAL MODULE (GEN) (No. 201) 2017, which repeals and replaces the General (GEN) module of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •  CONDUCT OF BUSINESS MODULE (COB) (No. 202) 2017, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •  PRUDENTlAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) (No. 203) 2017, which repeals and replaces the Prudential Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •  FEES MODULE (FER) INSTRUMENT (No. 204) 2017, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •  GLOSSARY MODULE (GLO) (No. 205) 2017, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);
      •  MARKETS RULES MODULE (MKT) (No. 206) 2017, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments).

      FURTHER TAKE NOTICE THAT:

      The DFSA board has made the following Guidance Instrument to come into effect on the 01 August 2017

      •  The CODE OF MARKET CONDUCT (CMC) GUIDANCE INSTRUMENT (NO. 12) 2017, which repeals and replaces the Code of Market Conduct (CMC) module with an updated version (see appendix 7 for the detailed amendments).

      The rule-making instruments the guidance instrument mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      15 June 2017

    • Notice of Amendments to Legislation May 2017

      Following the end of the consultation period on proposed handbook changes, that were set out in Consultation Paper 112, the Chief Executive, after due consideration of consultees comments, made amendments to the Guidance in the Rulebook, as described below. Please bear in mind that changes may have been made to the Guidance originally proposed in the relevant consultation paper.

      TAKE NOTICE THAT:

      The Chief Executive made the following Guidance Making Instrument to come into force on 24 May 2017:

      •   GENERAL MODULE (GEN) GUIDANCE INSTRUMENT (NO. 11) 2017, which adds new Guidance in the General (GEN) module.

      The amendments made to this module are outlined in Appendix 1 to this Notice for your information.

      The guidance instrument mentioned above and the appendix to this notice can be viewed under the “Amendments to Legislation” section of the DFSA website and the relevant module will be replaced on the DFSA website on the date of its coming into force as described above. Earlier versions of the relevant module are to be found in the archive.

      Issued

      23 May 2017

    • Notice of Amendments to Legislation December 2016

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 106, 107, and 108 the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook and the Code of Market Conduct as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 February 2017

      •   GENERAL MODULE (GEN) INSTRUMENT (No. 184) 2016, which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •   CONDUCT OF BUSINESS MODULE (COB) INSTRUMENT (No. 185) 2016, which repeals and replaces the Conduct of Business Module (COB) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •   REPRESENTATIVE OFFICE MODULE (REP) INSTRUMENT (No. 186) 2016, which repeals and replaces the Representative Office Module (REP) of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •   GLOSSARY MODULE (GLO) INSTRUMENT (No. 187) 2016, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •   PRUDENTlAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) (No. 188) 2016, which repeals and replaces the Prudential — Investment, Insurance Intermediation and Banking Module (PIB) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);
      •   AUDITOR MODULE (AUD) INSTRUMENT (No. 189) 2016, which repeals and replaces the Auditor Module (AUD) of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments);
      •   FEES MODULE (FER) INSTRUMENT (No. 190) 2016, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 7 for the detailed amendments);
      •   RECOGNITION (REC) INSTRUMENT (No. 191) 2016, which repeals and replaces the Recognition (REC) Module of the DFSA Rulebook with an updated version (see appendix 8 for the detailed amendments);
      •   ISLAMIC FINANCE RULES (IFR) INSTRUMENT (No. 192) 2016, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 9 for the detailed amendments);
      •   AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (No. 193) 2016, which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 10 for the detailed amendments);
      •   MARKETS RULES (MKT) INSTRUMENT (No. 194) 2016, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 11 for the detailed amendments);
      •   COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (No. 195) 2016, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 12 for the detailed amendments);
      •   ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS Module (AML) INSTRUMENT (No. 196) 2016, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 13 for the detailed amendments);

      FURTHER TAKE NOTICE THAT:

      The DFSA board has made the following Guidance Instrument to come into effect on the 01 February 2017

      •   The CODE OF MARKET CONDUCT (CMC) GUIDANCE INSTRUMENT (NO. 10) 2016, which repeals and replaces the Code of Market Conduct (CMC) module with an updated version (see appendix 14 for the detailed amendments).

      The rule-making instruments and the guidance instrument mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      12 December 2016

    • Notice of Amendments to Legislation June 2016

      Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 103 and 105, the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 August 2016

      •   GENERAL MODULE (GEN) INSTRUMENT (No. 176) 2016, which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •   ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS Module (AML) INSTRUMENT (No. 177) 2016, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •   RECOGNITION (REC) INSTRUMENT (No. 178) 2016, which repeals and replaces the Recognition (REC) Module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •   REPRESENTATIVE OFFICE MODULE (REP) INSTRUMENT (No. 179) 2016, which repeals and replaces the Representative Office Module (REP) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •   GLOSSARY MODULE (GLO) INSTRUMENT (No. 180) 2016, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);
      •   Auditor Module (AUD) INSTRUMENT (No. 181) 2016, which repeals and replaces the Auditor Module (AUD) of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments);
      •   CONDUCT OF BUSINESS MODULE (COB) INSTRUMENT (No. 182) 2016, which repeals and replaces the Conduct of Business Module (COB) of the DFSA Rulebook with an updated version (see appendix 7 for the detailed amendments);
      •   PRUDENTlAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) (No. 183) 2016, which repeals and replaces the Prudential — Investment, Insurance Intermediation and Banking Module (PIB) of the DFSA Rulebook with an updated version (see appendix 8 for the detailed amendments);

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      22 June 2016

    • Notice of Amendments to Legislation February 2016

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Paper No. 104, the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 3 April 2016

      •   GENERAL MODULE (GEN) INSTRUMENT (No. 166) 2016, which repeals and replaces the General (GEN) module of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •   FEES MODULE (FER) INSTRUMENT (No. 167) 2016, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •   COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (No. 168) 2016, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •   ISLAMIC FINANCE RULES (IFR) INSTRUMENT (No. 169) 2016, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •   AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (No. 170) 2016, which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);
      •   MARKETS RULES (MKT) INSTRUMENT (No. 171) 2016, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments);
      •   PRICE STABILISATION MODULE (PRS) INSTRUMENT (No. 172) 2016, which repeals and replaces the Price Stabilisation (PRS) module of the DFSA Rulebook with an updated version (see appendix 7 for the detailed amendments);
      •   GLOSSARY MODULE (GLO) INSTRUMENT (No. 173) 2016, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 8 for the detailed amendments);
      •   REPRESENTATIVE OFFICE MODULE (REP) INSTRUMENT (No. 174) 2016, which repeals and replaces the Representative Office (REP) module of the DFSA Rulebook with an updated version (see appendix 9 for the detailed amendments);
      •   CONDUCT OF BUSINESS MODULE (COB) INSTRUMENT (No. 175) 2016, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 10 for the detailed amendments);

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      15 February 2016

    • Notice of Amendments to Legislation February 2016

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Paper No. 102, the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 11 February 2016

      •   COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (No. 165) 2016, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);

      Issued

      10 February 2016

    • Notice of Amendments to Legislation December 2015

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 101 and 102, the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on 1 February 2016

      •   CONDUCT OF BUSINESS MODULE (COB) INSTRUMENT (No. 154) 2015, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
      •   GENERAL MODULE (GEN) INSTRUMENT (No. 155) 2015, which repeals and replaces the General (GEN) module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
      •   ANTI MONEY LAUNDERING MODULE (AML) INSTRUMENT (No. 156) 2015, which repeals and replaces the Anti Money Laundering (AML) module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
      •   PRUDENTIAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) INSTRUMENT (No.157) 2015, which repeals and replaces the Prudential — Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
      •   COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (No. 158) 2015, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook and the Hedge Fund Code of Practice 2010 with an updated version (see appendix 5 for the detailed amendments);
      •   FEES MODULE (FER) INSTRUMENT (No. 159) 2015, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments);
      •   ISLAMIC FINANCE RULES (IFR) INSTRUMENT (No. 160) 2015, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 7 for the detailed amendments);
      •   REPRESENTATIVE OFFICE MODULE (REP) INSTRUMENT (No. 161) 2015, which repeals and replaces the Representative Office (REP) module of the DFSA Rulebook with an updated version (see appendix 8 for the detailed amendments);
      •   GLOSSARY MODULE (GLO) INSTRUMENT (No. 162) 2015, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 9 for the detailed amendments);
      •   MARKETS RULES (MKT) INSTRUMENT (No. 163) 2015, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 10 for the detailed amendments);
      •   TAKEOVER RULES MODULE (TKO) INSTRUMENT (No. 164) 2015, which repeals and replaces the Takeover Rules (TKO) module of the DFSA Rulebook with an updated version (see appendix 11 for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued

      15 December 2015

    • Notice of Amendments to Legislation June 2015

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Paper No. 100, the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      The DFSA will publish shortly a statement summarising the public comments on Consultation Paper No. 100 and setting out the DFSA's response to those comments.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on the 1 August 2015

      •   FEES MODULE (FER) INSTRUMENT (NO. 152) 2015, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments)
      •   RECOGNITION (REC) INSTRUMENT (NO. 153) 2015, which repeals and replaces the Recognition (REC) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued
      10 June 2015

    • Notice of Amendments to Legislation February 2015

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Paper No. 97, the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      The DFSA will publish shortly a statement summarising the public comments on Consultation Paper No. 97 and setting out the DFSA's response to those comments.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on the 01 April 2015

      •   CONDUCT OF BUSINESS MODULE (COB) INSTRUMENT (NO. 149) 2015, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments)
      •   COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (NO. 150) 2015, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments).
      •   GLOSSARY MODULE (GLO) INSTRUMENT (NO. 151) 2015, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto for the detailed amendments);

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued
      11 February 2015

    • Notice of Amendments to Legislation December 2014

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 98, and 99, the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on the 01 January 2015

      •    THE MARKETS RULES (MKT) INSTRUMENT (NO. 146) 2014, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments);
      •    GLOSSARY MODULE (GLO) INSTRUMENT (NO. 147) 2014, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments);
      •    PRUDENTIAL - INVESTMENT, INSURANCE INTERMEDIATION AND BANKING (PIB) INSTRUMENT (NO. 148) 2014, which repeals and replaces the Prudential - Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto for the detailed amendments).

      FURTHER TAKE NOTICE THAT:

      As foreshadowed by Consultation Paper No. 98, the DFSA board has made the following Guidance Instrument to come into effect on the 01 January 2015

      •    The CODE OF MARKET CONDUCT (CMC) GUIDANCE INSTRUMENT (NO. 9) 2014, which introduces a new module of the DFSA Sourcebook namely the Code of Market Conduct (CMC) module.

      The rule-making instruments and the guidance instrument mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued
      10 December 2014

    • Notice of Amendments to Legislation November 2014

      Following the ending of the consultation period on the proposed legislative changes, that were set out in Consultation Paper No. 96 the DFSA Board, after due consideration of consultees' comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the consultation paper.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on the 01 January 2015

      •    FEES MODULE (FER) INSTRUMENT (NO 145) 2014, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments);

      The rule-making instrument mentioned above and the appendix to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant module of the Rulebook will be replaced on the DFSA website on the date of it coming into force as described above. Earlier versions of the module are to be found in the archive.

      Issued

      13 November 2014

    • Further Notice of Amendments to Legislation August 2014

      The DFSA Board has introduced new Rules in respect of Depositor Protection, and made amendments in respect of Client Money Distribution Rules, in the COB module of the DFSA Rulebook. The detailed changes and consolidated revision of the updated module are set out below.

      By these amendments, the DFSA has introduced a regime of depositor preference through a new Rule which provides protection in the event of insolvency of a Bank which is a Domestic Firm.

      The benchmarking conducted by the DFSA shows that the majority of jurisdictions reviewed have, or are introducing, some form of depositor preference. International regulatory standards are converging on the need for some degree of protection for deposits in bank accounts. It is of note that the recent EU Bank Recovery and Resolution Directive requires, among other things, that eligible deposits (in that case, deposits from natural persons) have a higher priority ranking in insolvency than the claims of ordinary unsecured creditors. The UK has already implemented this requirement in the Financial Services (Banking Reform) Act 2013.

      The additional amendments to the Client Money Distribution Rules are to correct anomalies in the cross references.

      The DFSA Board was satisfied that any delay in the making of the new and amended rules would be prejudicial to the interests of the DIFC. Accordingly the rules were not consulted upon.

      TAKE NOTICE THAT:

      The following Rulemaking Instrument comes into force at 18:30 hours on 24 August 2014.

      CONDUCT OF BUSINESS MODULE (COB) INSTRUMENT (NO 144) 2014, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments)

      The rule-making instrument mentioned above and the appendix to this notice can be viewed under the “Amendments to Legislation” section of the DFSA website and the relevant module of the Rulebook will be replaced on the DFSA website on the date of coming into force as described above. Earlier versions of the relevant module are to be found in the archive.

    • Notice of Forthcoming Amendments to Legislation August 2014

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 90, 91, 92, 93, 94 and 95 and the enactment of the DIFC Laws Amendment Law 2014 on the 24 July 2014, the DFSA Board, after due consideration of consultees comments, will make amendments to the DFSA Rulebook Modules. The detailed amendments and consolidated revisions of these updated modules are set out below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      TAKE NOTICE THAT:

      The following Rulemaking Instruments will come into force on the date the DIFC Laws Amendment Law 2014 comes into force, that is, 21 August 2014.

      •    AUDITOR MODULE (AUD) INSTRUMENT (NO 130) 2014, which makes a new Auditor (AUD) module of the DFSA Rulebook (see appendix 1 attached hereto for the new module);
      •    GENERAL MODULE (GEN) INSTRUMENT (NO 131) 2014, which repeals and replaces the General (GEN) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments);
      •    ANTI MONEY LAUNDERING MODULE (AML) INSTRUMENT (NO 132) 2014, which repeals and replaces the Anti Money Laundering (AML) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto for the detailed amendments);
      •    AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (NO 133) 2014, which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 4 attached hereto for the detailed amendments).
      •    MARKETS RULES MODULE (MKT) INSTRUMENT (NO 134) 2014, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 5 attached hereto for the detailed amendments);
      •    PRUDENTIAL - INVESTMENT, INSURANCE INTERMEDIATION AND BANKING (PIB) INSTRUMENT (NO 135) 2014, which repeals and replaces the Prudential - Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendix 6 attached hereto for the detailed amendments).
      •    PRUDENTIAL – INSURANCE BUSINESS (PIN) INSTRUMENT (NO 136) 2014, which repeals and replaces the Prudential – Insurance Business (PIN) module of the DFSA Rulebook with an updated version (see appendix 7 attached hereto for the detailed amendments).
      •    COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (NO 137) 2014, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 8 attached hereto for the detailed amendments).
      •    PRICE STABILISATION MODULE (PRS) INSTRUMENT (NO 138) 2014, which repeals and replaces the Price Stabilisation (PRS) module of the DFSA Rulebook with an updated version (see appendix 9 attached hereto for the detailed amendments).
      •    ISLAMIC FINANCE RULES (IFR) INSTRUMENT (NO 139) 2014, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 10 attached hereto for the detailed amendments).
      •    RECOGNITION MODULE (REC) INSTRUMENT (NO 140) 2014, which repeals and replaces the Recognition (REC) module of the DFSA Rulebook with an updated version (see appendix 11 attached hereto for the detailed amendments);
      •    FEES MODULE (FER) INSTRUMENT (NO 141) 2014, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 12 attached hereto for the detailed amendments);
      •    TAKEOVER RULES MODULE (TKO) INSTRUMENT (NO 142) 2014, which repeals and replaces the Takeover Rules (TKO) module of the DFSA Rulebook with an updated version (see appendix 13 attached hereto for the detailed amendments);
      •    GLOSSARY MODULE (GLO) INSTRUMENT (NO 143) 2014, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 14 attached hereto for the detailed amendments);

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the “Amendments to Legislation” section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued
      14 August 2014

    • Notice of Amendments to Legislation December 2013

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 86, 88 and 89 the DFSA Board after due consideration of consultees comments, recommended that certain amendments to the Regulatory Law 2004 and Markets Law 2012 be proposed to His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum the President of the DIFC.

      TAKE NOTICE THAT:

      His Highness Sheikh Mohammed Bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 8 December 2013 enacted, upon the recommendation of His Highness the President of the DIFC, the DIFC Laws Amendment (No.2) Law of 2013 to come into force on 5 January 2014.

      Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      To view the changes made to the Regulatory Law 2004 and Markets Law 2012 please consult the amendment law which is published on the "Amendments to Legislation" section of the DFSA website.

      Issued
      30 December 2013

    • Notice of Amendments to Legislation 13 June 2013

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 86, 87, 88 and 89 the DFSA Board after due consideration of consultees comments, amendments were made to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on the 14 July 2013

      •    ANTI MONEY LAUNDERING MODULE (AML) INSTRUMENT (NO 117) 2013, which repeals and replaces the Anti Money Laundering (AML) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments);
      •    AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (NO 118) 2013, which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments).
      •    GENERAL MODULE (GEN) INSTRUMENT (NO 119) 2013, which repeals and replaces the General (GEN) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto for the detailed amendments);
      •    MARKETS RULES MODULE (MKT) INSTRUMENT (NO 120) 2013, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 4 attached hereto for the detailed amendments);
      •    REPRESENTATIVE OFFICE MODULE (REP) INSTRUMENT (NO 121) 2013, which repeals and replaces the Representative Office (REP) module of the DFSA Rulebook with an updated version (see appendix 5 attached hereto for the detailed amendments);
      •    FEES MODULE (FER) INSTRUMENT (NO 122) 2013, which repeals and replaces the Fees (FER) module of the DFSA Rulebook with an updated version (see appendix 6 attached hereto for the detailed amendments);
      •    CONDUCT OF BUSINESS MODULE (COB) INSTRUMENT (NO 123) 2013, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 7 attached hereto for the detailed amendments); and
      •    GLOSSARY MODULE (GLO) INSTRUMENT (NO 124) 2013, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 8 attached hereto for the detailed amendments);
      •    ISLAMIC FINANCE RULES (IFR) INSTRUMENT (NO 125) 2013, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 9 attached hereto for the detailed amendments).
      •    COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (NO 126) 2013, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 10 attached hereto for the detailed amendments).
      •    PRUDENTIAL - INVESTMENT, INSURANCE INTERMEDIATION AND BANKING (PIB) INSTRUMENT (NO 127) 2013, which repeals and replaces the Prudential - Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendix 11 attached hereto for the detailed amendments).
      •    PRUDENTIAL - INSURANCE BUSINESS (PIN) INSTRUMENT (NO 128) 2013, which repeals and replaces the Prudential - Insurance Business (PIN) module of the DFSA Rulebook with an updated version (see appendix 12 attached hereto for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued
      13 June 2013

    • Notice of Amendments to Legislation 23 December 2012

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 79, 80, 81, 84 and 85 the DFSA Board after due consideration of consultees comments, recommended to His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, the President of the DIFC that amendments be made to the Regulatory Law 2004, the Law Regulating Islamic Financial Business 2004 and the Collective Investment Law 2010. The DFSA Board also made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 16 December 2012 enacted the DIFC Laws Amendment (No.2) Law of 2012 to come into force on 23 December 2012.

      To view the changes made to the Regulatory Law 2004, the Law Regulating Islamic Financial Business 2004 and the Collective Investment Law 2010 please consult the amendment law which is published on the "Amendments to Legislation" section of the DFSA website.

      AND

      The DFSA Board made the following Rulemaking Instruments to come into force on the date the Law comes into force (23 December 2012)

      •   GENERAL MODULE (GEN) INSTRUMENT (NO. 105) 2012, which repeals and replaces the General (GEN) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments).
      •   ISLAMIC FINANCE RULES MODULE (IFR) INSTRUMENT (NO. 106) 2012, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments); and
      •   COLLECTIVE INVESTMENT RULES MODULE (CIR) INSTRUMENT (NO. 107) 2012, which repeals and replaces the Collective Investment Rules (CIR) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto for the detailed amendments);
      •   AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (NO. 108) 2012, which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 4 attached hereto for the detailed amendments);
      •   MARKETS MODULE (MKT) INSTRUMENT (NO. 109) 2012, which repeals and replaces the Markets (MKT) module of the DFSA Rulebook with an updated version (see appendix 5 attached hereto for the detailed amendments);
      •   GLOSSARY MODULE (GLO) INSTRUMENT (NO. 110) 2012, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 6 attached hereto for the detailed amendments);
      •   ENFORCEMENT MODULE (ENF) INSTRUMENT (NO. 116) 2012 which repeals the Enforcement module of the DFSA Rulebook. Please note this module of the DFSA Rulebook will no longer be in effect from 23rd December 2012. All provisions in this module have been moved either into the Regulatory Law or Chapters 4 - 6 of the RPP Sourcebook. (See Consultation Paper No. 81 for further details)

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      The amendments made to the above legislation are as a result of the following consultation papers:

      •   Shari'a Governance and Accounting and Auditing Standards for Islamic Firms and Securities (See Consultation Paper No. 79 for more details).
      •   Proposals Relating to Controllers and Legal Forms of Authorised Persons (See Consultation Paper No. 80 for more details).
      •   The Exercise of Regulatory Powers, Enhancements to the Regulatory Law 2004 and RPP Sourcebook (See Consultation Paper No. 81 for more details).
      •   Proposed Enhancements to the DFSA Rulebook to Meet International Best Practice Standards (See Consultation Paper No. 84 for more details).
      •   Notice of Proposed Amendment to Legislation (See Consultation Paper No. 85 for more details).

      FURTHER TAKE NOTICE THAT:

      The Chief Executive of the DFSA has issued an updated RPP module. The updated Sourcebook module is effective on 23 December 2012.

      •   RPP (Regulatory Policy and Process Module) December 2012 Edition; replaces the current Regulatory Policy and Process Module (RPP) of the DFSA Sourcebook (See the "December Notice of Updates" for the detailed amendments)

      Issued
      19 December 2012

    • Notice of Amendments to Legislation October 2012

      Following the ending of the consultation period on the proposed legislative changes set out in Consultation Paper No. 83, the DFSA Board, after due consideration of consultees comments, has made the Rules in the PIB module to come into force on 9 December 2012. Consequential changes were made to the GEN, COB, GLO and IFR modules.

      The new PIB module replaces the current PIB module in its entirety, hence there is no annex attached hereto to show the changes made to the current PIB module. To view the new PIB module — please refer to the last paragraph in this notice. Changes have been made to the draft version of PIB as a result of the consultation process. Set out below are the material changes for your information.

      Standard PIB Waivers Process

      During the consultation phase, the DFSA reviewed the waiver and modification notices ("Notices") that have been provided to date to all Branches and concluded that it would be more efficient to provide specific relief in the new PIB module rather than issuing numerous new standard form Notices to replace those provided under the existing PIB regime.

      The DFSA considers that the new method of dealing with Branches by way of PIB Rules will remove an unnecessary administrative burden on applicants, Authorised Firms and the DFSA. The DFSA only authorises a Branch if it is branching in from a jurisdiction with an equivalent prudential regulatory framework to that applicable in the DIFC. Furthermore, any Branch seeking a change in scope of its Licence in future, which results in a change to its prudential category, will no longer have to apply for another Notice.

      Accordingly, the DFSA will, pursuant to Article 25 (5)(a) of the Regulatory Law 2004, withdraw the current Notices on 9 December 2012.

      Market Risk Standards

      PIB Rules A5.3.25 to A5.3.28 have been modified to align them with the market risk standards issued by the Basel Committee.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on the 9 December 2012

      •   PRUDENTIAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) INSTRUMENT (NO. 111) 2012, which repeals and replaces the Prudential — Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with a new module (see appendix 1 attached hereto);
      •   GENERAL MODULE (GEN) INSTRUMENT (NO. 112) 2012, which repeals and replaces the General Module (GEN) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto the detailed amendments which shows the changes made to the current version of this module);
      •   CONDUCT OF BUSINESS MODULE(COB) INSTRUMENT (NO. 113) 2012, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto the detailed amendments which shows the changes made to the current version of this module);
      •   GLOSSARY MODULE (GLO) INSTRUMENT (NO. 114) 2012, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 4 attached hereto the detailed amendments which shows the changes made to the current version of this module); and
      •   ISLAMIC FINANCE RULES MODULE (IFR) INSTRUMENT (NO. 115) 2012, which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 5 attached hereto the detailed amendments which shows the changes made to the current version of this module).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

      Issued
      15 October 2012

    • Notice of Amendments to Legislation July 2012

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 82 and 84 the DFSA Board after due consideration of consultees comments, amendments were made to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on the 16 August 2012

      •   GENERAL MODULE (GEN) INSTRUMENT (NO. 96) 2012, which repeals and replaces the General Module (GEN) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments);
      •   CONDUCT OF BUSINESS MODULE(COB) INSTRUMENT (NO 97) 2012, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments);
      •   PRUDENTIAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) INSTRUMENT (NO 98) 2012, which repeals and replaces the Prudential — Investment, Insurance Intermediation and Banking (PIB) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto for the detailed amendments);
      •   PRUDENTIAL — INSURANCE BUSINESS MODULE (PIN) INSTRUMENT (NO 99) which repeals and replaces the Prudential — Insurance Business (PIN) module of the DFSA Rulebook with an updated version (see appendix 4 attached hereto for the detailed amendments);
      •   FEES RULE MODULE (FER) INSTRUMENT (NO 100) 2012, which repeals and replaces the Fees Rule (FER) module of the DFSA Rulebook with an updated version (see appendix 5 attached hereto for the detailed amendments);
      •   MARKETS RULES MODULE (MKT) INSTRUMENT (NO. 101) 2012, which repeals and replaces the Markets Rules (MKT) module of the DFSA Rulebook with an updated version (see appendix 6 attached hereto for the detailed amendments);
      •   AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (NO. 102) 2012, which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 7 attached hereto for the detailed amendments);
      •   ANTI MONEY LAUNDERING MODULE (AML) INSTRUMENT (NO 103) 2012, which repeals and replaces the Anti Money Laundering (AML) module of the DFSA Rulebook with an updated version (see appendix 8 attached hereto for the detailed amendments); and
      •   GLOSSARY MODULE (GLO) INSTRUMENT (NO. 104) 2012, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version (see appendix 9 attached hereto for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive. Please note: rule-making instrument 102 includes certain consequential amendments following the new Markets Regime.

      Issued
      24 July 2012

    • Notice of Amendments to Legislation June 2012

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers No. 75, 76, 77 and 78 the DFSA Board after due consideration of consultees comments, recommended to the President of the DIFC that a new Markets Law be introduced to replace the current 2004 Markets Law and amendments be made to the Regulatory Law 2004 and made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

      TAKE NOTICE THAT:

      His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 7 June 2012 enacted the Markets Law 2012 and the Regulatory Law Amendment Law 2012 to come into force on 5 July 2012.

      To view the new Markets Law 2012 and the changes made to the Regulatory Law 2004 please consult the above mentioned laws which are published on the "Amendments to Legislation" section of the DFSA website.

      AND

      The DFSA Board made the following Rulemaking Instruments to come into force on the date the Laws come into force (5 July 2012)

      •   MARKETS RULES RULE MAKING INSTRUMENT (NO. 81) 2011, which introduced a new module of the DFSA Rulebook namely the Markets Rules (MKT) module;
      •   FEES MODULE (FER) INSTRUMENT (NO. 83) 2011, which repeals and replaces the Fees Module (FER) module of the DFSA Rulebook with an updated version (see appendix 1 attached hereto for the detailed amendments);
      •   TAKEOVER RULES MODULE (TKO) INSTRUMENT (NO. 87) 2012, which repeals and replaces the Takeover Rules Module (TKO) module of the DFSA Rulebook with an updated version (see appendix 2 attached hereto for the detailed amendments);
      •   REPRESENTATIVE OFFICE MODULE (REP) INSTRUMENT (NO. 88) 2012, which repeals and replaces the Representative Office Module (REP) module of the DFSA Rulebook with an updated version (see appendix 3 attached hereto for the detailed amendments);
      •   PRICE STABILISATION MODULE (PRS) INSTRUMENT (NO. 89) 2012, which repeals and replaces the Price Stabilisation Module (PRS) module of the DFSA Rulebook with an updated version (see appendix 4 attached hereto for the detailed amendments);
      •   RECOGNITION MODULE (REC) INSTRUMENT (NO. 90) 2012, which repeals and replaces the Recognition Module (REC) module of the DFSA Rulebook with an updated version (see appendix 5 attached hereto for the detailed amendments);
      •   GLOSSARY MODULE (GLO) INSTRUMENT (NO. 91) 2012, which repeals and replaces the Glossary Module (GLO) module of the DFSA Rulebook with an updated version (see appendix 6 attached hereto for the detailed amendments);
      •   AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (NO. 92) 2012, which repeals and replaces the Authorised Market Institutions Module (AMI) module of the DFSA Rulebook with an updated version (see appendix 7 attached hereto for the detailed amendments);
      •   COLLECTIVE INVESTMENT RULES MODULE (CIR) INSTRUMENT (NO. 93) 2012, which repeals and replaces the Collective Investment Rules Module (CIR) module of the DFSA Rulebook with an updated version (see appendix 8 attached hereto for the detailed amendments);
      •   ISLAMIC FINANCE RULES MODULE (IFR) INSTRUMENT (NO. 94) 2012, which repeals and replaces the Islamic Finance Rules Module (IFR) module of the DFSA Rulebook with an updated version (see appendix 9 attached hereto for the detailed amendments); and
      •   GENERAL MODULE (GEN) INSTRUMENT (NO. 95) 2012, which repeals and replaces the General Module (GEN) module of the DFSA Rulebook with an updated version (see appendix 10 attached hereto for the detailed amendments).

      The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive. Please note: rule-making Instruments 82, 84, 85 and 86 were superseded on 5 July 2012 by rulemaking instruments 90, 91, 92 and 95 above in order to include certain consequential amendments regarding the Markets Law 2012.

      Issued
      18 June 2012


      Click here to view Appendix 1 in PDF format.
      Click here to view Appendix 2 in PDF format.
      Click here to view Appendix 3 in PDF format.
      Click here to view Appendix 4 in PDF format.
      Click here to view Appendix 5 in PDF format.
      Click here to view Appendix 6 in PDF format.
      Click here to view Appendix 7 in PDF format.
      Click here to view Appendix 8 in PDF format.
      Click here to view Appendix 9 in PDF format.
      Click here to view Appendix 10 in PDF format.

    • Notice of Amendments to Legislation December 2011

      Following the ending of the consultation period of proposed legislative changes, that were set out in Consultation Paper No. 74 Anti-Money Laundering Supervision in the DIFC and Enhancements to the Regulatory Law 2004, the DFSA Board at its meeting on 9 June 2011, after due consideration of consultees comments, recommended to the President of the DIFC that amendments be made to the Regulatory Law 2004 and made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the consultation paper.

      TAKE NOTICE THAT:

      His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 29 November 2011 enacted the Regulatory Law Amendment (No. 2) Law of 2011 to come into force on 27 December 2011.

      To view what changes have been made to the Regulatory Law 2004 please consult the above mentioned amendment law which is published on the "Amendments to Legislation" section of the DFSA website. The Regulatory Law 2004 as amended will be published on the DFSA website on the date of its coming into force as described above.

      AND

      The DFSA Board made the following Rulemaking Instruments to come into force on the date the Regulatory Law Amendment (No.2) Law 2011 comes into force (27 December 2011):

      •    GLOSSARY MODULE (GLO) INSTRUMENT (NO. 78) 2011, which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version; (See appendix 1 attached hereto for the detailed amendments); and
      •    DESIGNATED NON-FINANCIAL BUSINESS AND PROFESSIONS RULE-MAKING INSTRUMENT (No. 79) 2011, which introduced a new module of the DFSA Rulebook namely the Designated Non-Financial Business and Professions (DNF) module.

      The Rule-making instrument and the appendix to this notice mentioned above can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above.

      Issued
      11 December 2011

    • Notice of Amendments to Legislation October 2011

      TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instrument to come into force on 1 October 2011:

      •   OSR (INTERIM LISTING AND TRANSITIONAL RULES) RULE-MAKING INSTRUMENT (No. 80) 2011, which repeals and replaces the Offered Securities Rules (OSR) module of the DFSA Rulebook with an updated version; (See appendix 1 attached hereto for the detailed amendments)

      The appendix can also be viewed under the "Amendments to Legislation" section of the DFSA website. The Offered Securities Rules module of the Rulebook will be replaced on the DFSA website on the date of its coming into force as described above, however, prior to that date the new versions of the modules may be viewed under the "Amendments to Legislation" section of the DFSA website.

      Issued 13 September 2011

    • Notice of Amendments to Legislation April 2011

      Following the ending of the consultation period on a number of proposed legislative changes, that were set out in Consultation Papers, 71, 72 and 73, the DFSA Board at its meeting on 10 February 2011, after due consideration of consultees comments, recommended to the President of the DIFC that amendments be made to the Regulatory Law 2004 and made amendments to the DFSA Rulebook and Sourcebook as described below. Accordingly, where reference is made below to a Consultation Paper, please bear in mind that changes may have been made to the legislation therein following consultation.

      TAKE NOTICE THAT:

      His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 31 March 2011 enacted the Regulatory Law Amendment Law, DIFC Law No. 1 of 2011 to come into force on 28th April 2011.

      To view what changes have been made to the Regulatory Law 2004 please consult the above mentioned amendment law which is published on the "Amendments to Legislation" section of the DFSA website. The Regulatory Law 2004 as amended will be published on the DFSA website on the date of its coming into force as described above.

      FURTHER TAKE NOTICE THAT:

      The DFSA Board made the following Rulemaking Instruments to come into force on the date the Regulatory Law Amendment Law 2011 comes into force (28th April 2011):

      •   GENERAL RULES INSTRUMENT (NO. 73) 2011, which repeals without replacement the following Modules of the DFSA Rulebook:
      •   Authorisation Module (AUT);
      •   Supervision Module (SUP);
      and repeals and replaces the General (GEN) Module of the DFSA Rulebook with an updated version.

      Consequentially, the AUT and SUP Modules will cease to exist. The Rules that were set out in these Modules have been transferred to the GEN Module (See appendices 1, 2, 3 and 4 attached hereto for the detailed amendments).
      •   GLOSSARY MODULE (GLO) INSTRUMENT (NO. 74) 2011, which repeals and replaces the Glossary (GLO) Module of the DFSA Rulebook with an updated version; (See appendices 2, 3 and 4 attached hereto for the detailed amendments)
      •   ISLAMIC FINANCE RULES (IFR) INSTRUMENT (NO. 75) 2011, which repeals and replaces the Islamic Finance Rules (IFR) Module of the DFSA Rulebook with an updated version (See appendices 1 and 4 attached hereto for the detailed amendments);
      •   REPRESENTATIVE OFFICE (REP) INSTRUMENT (NO. 76) 2011, which repeals and replaces the Representative Office (REP) Module of the DFSA Rulebook with an updated version (See appendices 3 and 4 attached hereto for the detailed amendments);
      •   PRUDENTIAL — INVESTMENT, INSURANCE INTERMEDIATION AND BANKING (PIB) INSTRUMENT (NO. 77) 2011, which repeals and replaces the Prudential — Investment, Insurance Intermediation and Banking (PIB) Module of the DFSA Rulebook with an updated version (See appendix 1 attached hereto for the detailed amendments);

      The amendments made to these Modules are as a result of the following consultations:

      •   Financial Service Definitions Review (See Consultation Paper No. 71 for more details);
      •   DFSA Financial Promotions Regime (See Consultation Paper No. 72 for more details); and
      •   Regulatory Policy and Process Sourcebook and Enhancements to the DFSA's Rulebook (See Consultation Paper No. 73 for more details);

      and are outlined for your information in Appendices 1, 2, 3 and 4 to this notice. These appendices can also be viewed under the "Amendments to Legislation" section of the DFSA website. The relevant Modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above, however, prior to that date the new versions of the Modules may be viewed under the "Amendments to Legislation" section of the DFSA website.

      TAKE FURTHER NOTICE THAT:

      As foreshadowed by Consultation Paper No. 73, the DFSA is introducing a new Regulatory Policy and Process Module of the DFSA Sourcebook to come into effect on the date the Regulatory Law Amendment Law 2011 comes into force (28th April 2011).

      The DFSA has also amended and removed certain guidance (see Guidance Instrument No. 8, 2011 for details) from the following Modules of the DFSA Rulebook:

      •   Authorised Market Institutions (AMI);
      •   Anti Money Laundering (AML);
      •   Ancillary Service Providers (ASP); and
      •   Prudential — Insurance Business (PIN).

      Amendments to these Modules can be viewed under the "Amendments to Legislation" section of the website and the relevant Modules of the Rulebook and Sourcebook will be replaced on the DFSA website on the date of their coming into force as described above.

      Issued 11 April 2011


      Click here to view Appendix 1 in PDF format.
      Click here to view Appendix 2 in PDF format.
      Click here to view Appendix 3 in PDF format.
      Click here to view Appendix 4 in PDF format.