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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Glossary Module (GLO) [VER44/07-19]
GLO 2 Glossary
[ D ] [Dealing in Investments as Agent—Dubai Law]
DIFC Incorporated Insurer
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • [ D ] [Dealing in Investments as Agent—Dubai Law]

    • DAT [Deleted]

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Deleted] DFSA RM50/2007 (Made 1st October 2007). [VER16/10-07]

    • Dealing in Investments as Agent

      Has the meaning given in GEN section 2.8.


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

    • Dealing in Investments as Principal

      Has the meaning given in GEN section 2.7.


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

    • Debenture

      Has the meaning given in GEN Rule A2.2.1(b).

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM62/2008 (Made 4th January 2009). [VER20/01-09]

    • Decision Maker [Deleted]

      [Deleted] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • Decision Notice

      a written notice given by the DFSA to a Person pursuant to paragraph 5 of Schedule 3 to the Regulatory Law 2004.

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

    • Default Rules

      Rules of an Authorised Market Institution that set out procedures dealing with circumstances where a Member or other participant on its facilities is unable to meet its obligations in respect of one or more contracts.

      [Added] DFSA RM173/2016 (Made 10th February 2016). [VER35/04-16]

    • Delegation Agreement

      An agreement in writing entered into by a Fund Manager or Trustee with a Service Provider in relation to delegated activities, which fulfils the criteria in CIR App 1.

      [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]

    • Delivery Versus Payment Transaction

      A transaction in which the transfer of Investments and the payment of Money between the buyer and seller are intended to occur around the same time.


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

    • Delta [Deleted]

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

    • Deposit

      Has the meaning given in GEN section A1.1.


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

    • Derivative

      Has the meaning given in GEN Rule A2.1.3.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM62/2008 (Made 4th January 2009). [VER20/01-09]

    • Designated Fund

      A Foreign Fund which has been designated by the DFSA under Article 55 of the Collective Investment Law 2010 or, pursuant to Article 1(b) of that law, under Article 20 of the Collective Investment Law 2006.

      [Added][VER8/04-06]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]

    • Designated Investments [Deleted]

      [Deleted] DFSA RM62/2008 (Made 4th January 2009). [VER20/01-09]

    • Designated Non-Financial Business or Profession (DNFBP)

      Means:

      (1) The following class of Persons whose business or profession is carried on in or from the DIFC:
      (a) a real estate developer or agency which carries out transactions with a customer involving the buying or selling of real property;
      (b) a dealer in precious metals or precious stones;
      [deleted]
      (d) a law firm, notary firm, or other independent legal business;
      (e) an accounting firm, audit firm or insolvency firm;
      (f) a company service provider; or
      (g) a Single Family Office.
      (2) A Person who is an Authorised Person or an Auditor is not a DNFBP.
      Added by DFSA RM78/2011 [VER25/06-11]
      [Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]
      [Amended] DFSA RM225/2018 (Made 18th April 2018) [VER41/09-18]

    • DFSA

      The Dubai Financial Services Authority.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]

    • DIFC

      The Dubai International Financial Centre.


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

    • DIFC Business Return

      The return described in PIN Rule A10.2.6.


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

    • DIFC Business Risk Capital Requirement

      The capital requirement calculated in accordance with PIN section A9.2.


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

    • DIFC Incorporated Insurer

      An Insurer that is a Body Corporate incorporated under the DIFC Companies Law.


      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]

    • DIFC Registrar of Companies

      The registrar of companies appointed pursuant to the DIFC Companies Law.


      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]

    • Direct Electronic Access

      Has the meaning given in AMI Rule 5.7.3(3).

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

    • Direct Long-Term Insurance

      Long-Term Insurance that is not reinsurance

      [Added] DFSA RM46/2007 (Made 5th July 2007). [VER15/07-07]

    • Direct Long-Term Insurance Business

      The business of Effecting Contracts of Insurance or Carrying Out Contracts of Insurance, where the Contracts of Insurance are contracts of Direct Long-Term Insurance

      [Added] DFSA RM46/2007 (Made 5th July 2007). [VER15/07-07]

    • Director

      (1) In relation to an undertaking established under the DIFC Companies Law, a Person who appears on the Register of Directors maintained by the DIFC Registrar of Companies; and
      (2) In relation to all other undertakings, a Person who has been admitted to a register which has a corresponding meaning to the Register of Directors or performs the function of acting in the capacity of a Director, by whatever name called.

      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]

    • Discretionary Portfolio Management Account

      An account used by an Authorised Firm to manage the investment portfolio of a Client on a discretionary basis under the terms of a Discretionary Portfolio Management Agreement.

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

    • Discretionary Portfolio Management Agreement

      An agreement under which an Authorised Firm agrees with a Client to manage an investment portfolio for that particular Client in accordance with pre-agreed investment parameters in that agreement and where:

      (a) the Client's approval of any specific Transaction is not required before undertaking the Transaction; and
      (b) the assets of the Client are discretely held for that Client and no pooling of those assets occurs with the assets of any other Person, except purely for transactional purposes.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]

    • Displaced Commercial Risk Capital Requirement (PSIACOM)

      The requirement calculated in accordance with chapter 5 of the IFR Module.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Distribution Event

      A distribution event is:

      (a) the appointment of a liquidator, receiver or administrator, or trustee in bankruptcy, over the Authorised Firm or its Nominee Company;
      (b) the appointment of a liquidator, receiver or administrator, or trustee in bankruptcy, over a Third Party Agent of the Authorised Firm or its Nominee Company; or
      (c) the coming into force of a direction by the DFSA in respect of all Client Assets held by the Authorised Firm.

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

    • Domestic Firm

      An Authorised Person or DNFBP which:

      (a) has its registered and head office in the DIFC; or
      (b) if it is a subsidiary of an Undertaking whose principal place of business and head office is in a jurisdiction other than the DIFC, has its registered office in the DIFC.
      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]
      [Amended] DFSA RM217/2018 (as from 22nd February 2018). [VER39/04-18]

    • Domestic Fund

      (1) A Fund established or domiciled in the DIFC.

      (2) In FPR, has the meaning given in section 1.3 of those Rules.

      [Added] [VER8/04-06]
      [Amended] DFSA RM236/2019 (Made 20th February 2019). [VER43/02-19]

    • DNFBP

      Designated Non-Financial Business or Profession

      Added by DFSA RM78/2011 [VER25/06-11]

    • Dubai Law

      Law made by the Ruler, as applicable in the Emirate of Dubai.


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

    • Duration Method [Deleted]

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