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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Glossary Module (GLO) [VER43/02-19]
GLO 2 Glossary
[ A ] [Accepting Deposits—Authorised Person]
ATS Operator
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • [ A ] [Accepting Deposits—Authorised Person]

    • Acceptable Collateral [Deleted]

      [Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Accepting Deposits

      Has the meaning given in GEN section 2.4.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Accounting Records

      Means records and underlying documents comprising initial and other accounting entries and associated supporting documents such as:

      (a) cheques;
      (b) records of electronic fund transfers;
      (c) invoices;
      (d) contracts;
      (e) the general and subsidiary ledgers, journal entries and other adjustments to the financial statements that are not reflected in journal entries; and
      (f) work sheets and spread sheets supporting cost allocations, computations, reconciliations and disclosures.
      [Added] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Acting as the Trustee of a Fund

      Has the meaning given in GEN section 2.25.


      [Added]DFSA RM34/2006[VER9/08-06]
      [Amended] DFSA RM50/2007 (Made 1st October 2007). [VER16/10-07]

    • Actuary

      An individual who is a 'Fellow', or the holder of an equivalent qualification or rank, of a professional actuarial body that is a full member of the International Actuarial Association.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Adjusted Capital Resources

      Capital resources calculated in accordance with PIN Rule A3.2.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Adjusted Cellular Capital Resources

      Cellular capital resources calculated in accordance with PIN Rule A5.6.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Adjusted Fund Capital Resources

      Fund capital resources calculated in accordance with PIN Rule A7.2.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Adjusted Non-Cellular Capital Resources

      Non-cellular capital resources calculated in accordance with PIN Rule A5.2.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Advice

      Advice of the type specified in GEN section 2.11 or 2.28.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      [Amended] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Advising

      Advising on Credit or Advising on Financial Products.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      [Amended] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Advising on Credit

      Has the meaning given in GEN Rule 2.28.1(1)(b)

      Derived from DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Advising on Financial Products

      Has the meaning given in GEN section 2.11.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Advisor

      In relation to a FundG , a PersonG who is retained by the FundG , its Eligible CustodianG , a PersonG providing oversight or its Fund ManagerG under a commercial arrangement which is not a contract of service:

      (a) to supply any of them with the advice in relation to the FundG as to the merits of investment opportunities or information relevant to the making of judgments about the merits of investment opportunities; or
      (b) to exercise for any of the functions concerning the management of the Fund PropertyG .
      [Added][VER8/04-06]
      [Amended] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      [Amended] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]

    • Affected Person [Deleted]

      [Deleted] RM162/2015 (Made 9th December 2015). [VER34/02-16]

    • Agent

      In relation to a Passported FundG , a Licensed PersonG appointed by the Fund ManagerG of the FundG to PromoteG the UnitsG of that FundG .

      Derived from DFSA RM236/2019 (Made 20th February 2019). [VER43/02-19]

    • AFN

      The Applications, Forms and Notices module of the Sourcebook.

      Derived from DFSA RM180/2016 (Made 19th June 2016) [VER36/08-16]

    • Alternative Trading System

      A trading system or facility of a type specified under GEN 2.22.1.

      [Added][VER4/08-05]

    • AMI

      The Authorised Market Institutions module of the RulebookG .


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • AML

      Means either “anti-money laundering” or the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions module depending on the context.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • [Deleted]

      [Deleted] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • [Deleted]

      [Deleted] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Annual Audited Expenditure [Deleted]

      [Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Annual Information Return

      A return prepared by a Registered AuditorG for submission to the DFSAG in accordance with AUD Rule 4.8.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Annual Regulatory Return

      An annual regulatory return of the type specified in PIN Rule A10.3.1.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • [Deleted]

      [Deleted] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Anti Money Laundering Suspicious Cases Unit (AMLSCU) [Deleted]

      [Deleted] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Approved Asset

      (1) A certificate of deposit with a maximum term to maturity of six months issued by and held with an Eligible BankG ;
      (2) a term deposit with an Eligible BankG with a remaining term to maturity of one year or less;
      (3) a negotiable debt instrument, with a remaining term to maturity of five years or less, where the instrument, or issuer thereof, is RatedG at least AA- by Standard & Poor's, or the equivalent by another Rating AgencyG ;
      (4) a repurchase agreement which is fully collateralised with negotiable debt instruments meeting the rating criterion in (3), and where the credit rating of the counterparty also meets the criteria; or
      (5) a bond fund meeting the rating criterion in (3) and where the designated bank account for redeemed investment is the an Insurance Bank AccountG held by the Authorised FirmG in accordance with the requirement of COB section 14.3.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Approved Prospectus

      Has the meaning given in MKT Rule 2.6.2(2), 2.7.1(4) and 6.3.2(2)

      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Approved Stock Exchange

      A stock exchange designated as approved by a written notice from the DFSAG , subject to any conditions that the DFSAG may specify in that notice.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Arranging Credit and Advising on Credit

      Has the meaning given in GEN section 2.28.

      Derived from DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Arranging Credit

      Has the meaning given in GEN Rule 2.28.1(1)(a).

      Derived from DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Arranging Custody

      Has the meaning given in GEN section 2.14.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Arranging Deals in Investments

      Has the meaning given in GEN section 2.9.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • [Deleted]

      [Deleted] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • [Deleted]

      [Deleted] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Associate

      (1) In Chapters 7 and 11 of GEN and Chapter 8 of AMI means, in respect of a PersonG 'A' holding SharesG or entitled to exercise, or control the exercise of voting power, in an Authorised FirmG or a Holding CompanyG of an Authorised FirmG :
      (a) the spouse of A;
      (b) a child or stepchild of A;
      (c) the trustee of any settlement, including any disposition or arrangement under which property is held on trust or subject to a comparable obligation, under which A has a life interest in possession;
      (d) an UndertakingG of which A is a director;
      (e) a PersonG who is an EmployeeG or partner of A;
      (f) where A is an UndertakingG :
      (i) a director of A;
      (ii) a subsidiary or wholly owned subsidiary of A; or
      (iii) a director or EmployeeG of such a subsidiary or wholly owned subsidiary; or
      (g) a PersonG who has an agreement or arrangement with A with respect to the acquisition, holding or disposal of SharesG or other interests in the Authorised FirmG or the Holding CompanyG of an Authorised FirmG or under which they undertake to act together in exercising their voting power in relation to an Authorised FirmG or the Holding CompanyG of an Authorised FirmG or that other PersonG .
      (2) Except in Chapters 7 and 11 of GEN and Chapter 8 of AMI means in respect of a PersonG 'A', any PersonG , including an affiliated company which is:
      (a) an undertaking in the same GroupG as A; or
      (b) any other person whose business or domestic relationship with A or his AssociateG might reasonably be expected to give rise to a community of interest between them which may involve a conflict of interest in dealings with third parties.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]
      [Amended] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]
      [Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • ATS

      An Alternative Trading SystemG .

      [Added][VER4/08-05]

    • ATS Operator

      An Authorised FirmG carrying on the Financial ServiceG of Operating an Alternative Trading SystemG for which it has authorisation under its LicenceG .

      [Added][VER4/08-05]

    • AUD

      The AuditorG module of the RulebookG .

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Auditor

      Has the meaning given in Article 97 of the Regulatory Law 2004.

      [Added] [VER11/11-06]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Audit Principal

      Has the meaning given in Article 97 of the Regulatory Law 2004.

      [Added][VER11/11-06]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Audit Services

      Has the meaning given in Article 97 of the Regulatory Law 2004.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • AUT [Deleted]

      Deleted in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]

    • Authorised Firm

      A PersonG , other than an Authorised Market InstitutionG , who holds a LicenceG .


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Authorised ISPV

      An ISPVG which holds a LicenceG to carry on either or both of the following Financial ServicesG :

      (a) Effect Contracts of InsuranceG ; or
      (b) Carry Out Contracts of InsuranceG

      [Added] DFSA RM48/2007 (Made 1st October 2007). [VER16/10-07]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]

    • Authorised Individual

      An individual who has been authorised by the DFSAG to perform one or more Licensed FunctionsG for an Authorised FirmG .

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Authorised Market Institution

      A PersonG who is LicensedG by the DFSAG in relation to the carrying on either or both of the Financial ServicesG prescribed in GEN Rule 2.17.1 and GEN 2.18.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Authorised Participant

      In relation to an ETFG , a market maker appointed by the Fund ManagerG of the ETFG for the purposes referred to in CIR Rule 3.1.12 or IFR Rule 6.13.1.

      Derived from DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Authorised Person

      An Authorised FirmG or an Authorised Market InstitutionG .

      [Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]