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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
[ R ] [Rated—Rulebook]
Reference Entity
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • [ R ] [Rated—Rulebook]

    • Rated

      In the case of an instrument or a counterparty, assigned a rating by a Rating Agency in respect of the counterparty credit risk associated with the instrument or counterparty.


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

    • Rating Action

      Has the meaning given to it in COB Rule 8.3.5(2).

      [Added] DFSA RM104/2012 (Made 24th July 2012). [VER27/07-12]

    • Rating Agency

      Standard & Poor's, Moody's, AM Best, Fitch Ratings or another agency approved in writing by the DFSA.


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

    • Rating Analyst

      Has the meaning given to it in COB Rule 8.3.1(3).

      [Added] DFSA RM104/2012 (Made 24th July 2012). [VER27/07-12]

    • Rating Subject

      Has the meaning given to it in GEN Rule 2.27.1(3).

      [Added] DFSA RM104/2012 (Made 24th July 2012). [VER27/07-12]

    • Readily Realisable Securities

      A government or public Security denominated in the currency of the country of its issuer, or any other Security which is admitted to official listing on an exchange in a Zone 1 country and regularly traded on or under the rules of such an exchange.


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

    • Real Estate Investment Trust

      Has the meaning given in CIR Rule 3.1.8

      [Added]DFSA RM34/2006[VER9/08-06]
      [Amended] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]

    • Real Property

      Land or buildings, whether freehold or leasehold, where the unexpired term of any lease exceeds 20 years.

      [Added][VER8/04-06]

    • REC

      The Recognition module of the Rulebook.


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

    • Recognised Body

      Has the meaning given in Article 37(3)(a)of the Markets Law 2012.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Recognition Criteria

      Has the meaning in REC Rule 2.4 or 2.5.

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

    • Recognised Jurisdiction

      A jurisdiction which has been recognised 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][VER4/08-05]
      [Amended][VER8/04-06]
      [Amended] DFSA RM50/2007 (Made 1st October 2007). [VER16/10-07]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]

    • Recognised Jurisdiction Notice

      A notice issued by the DFSA, pursuant to 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, listing countries and territories which are Recognised Jurisdictions and Foreign Funds which are Designated Funds in respect of these jurisdictions.

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

    • Recognised Member

      Has the meaning given in Article 37(3)(b) of the Markets Law 2012.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Recognised Person

      A Recognised Body or a Recognised Member.

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

    • Recognised Professional Body

      A full member of IFAC.

      [Added][VER11/11-06]

    • Recognised Professional Qualification

      A qualification conferred by a Recognised Professional Body.

      [Added][VER11/11-06]

    • Recognised Supervisory Authority

      Means any government or quasi-government financial services regulator in a Zone 1 country or such other countries as the DFSA may accept.


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

    • Recognition

      The status acquired by a Person who is admitted to the list of Recognised Persons pursuant to Article 37(5) of the Markets Law 2012.

      [Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Recognition Notice [Deleted]

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

    • Reference Asset

      The asset against which payments under a Derivative contract are calculated.


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

    • Reference Date

      The date as at which an actuarial investigation is performed for the purposes of PIN section 7.3.


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

    • Reference Entity

      The entity against which payments under a Derivative contract are calculated.


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

    • Registered Auditor

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

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

    • Registration Statement

      In relation to a Prospectus structured as multiple documents, the document referred to in MKT Rule 2.5.1(3)(b).

      [Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Regulated Exchange

      An exchange regulated by a Financial Services Regulator.

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

    • Regulated Financial Institution

      A Person who does not hold a Licence but who is authorised in a jurisdiction other than the DIFC to carry on any financial service by another Financial Services Regulator.


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

    • Regulation

      Legislation made under any DIFC law that is not administered by the DFSA.


      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]

    • Regulators

      In addition to the DFSA, regulators with recognised jurisdiction in relation to financial services, whether in the DIFC or outside of the DIFC.


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

    • Regulatory Announcement Services

      A service approved by the DFSA for the purposes of making market disclosure of information pursuant to MKT Rule 4.7.1(c).

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

    • Regulatory Appeals Committee [Deleted]

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

    • Regulatory Function

      In accordance with AMI Rule 4.4.1, in relation to an Authorised Market Institution, means those functions which directly contribute to the satisfaction by the Authorised Market Institution of its Licensing Requirements.

      [Added] DFSA RM19/2005 (as from 19th April 2005).
      [Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13] [VER3/04-05]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Regulatory Law

      The Regulatory Law 2004.


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

    • Regulatory Returns Auditor's Report

      A report referred to in GEN Rule 8.6.1(b).

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

    • REIT

      A Real Estate Investment Trust.

      [Added]DFSA RM34/2006[VER9/08-06]

    • Related

      In respect of one entity, the first entity, being in the position relative to that entity of:

      (a) a second entity that is a Subsidiary, Associate or Holding Company of the first entity;
      (b) a second entity that is a Subsidiary or Associate of the Holding Company of the first entity;
      (c) a director or officer of the first entity or of an entity that is related to the first entity by reason of (a) or (b) above;
      (d) the spouse or minor child of a natural person referred to in (c) above; or
      (e) a company that is a Subsidiary of or subject to significant influence by or from a natural person referred to in (c) or (d) above.

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

    • Related Party

      (1) In MKT, has the meaning given to that term in MKT Rule 3.5.2(a) except in relation to a Rating Subject, where it has the meaning given to it in COB Rule 8.5.2(2).
      (2) In CIR, in relation to a Fund:
      (a) its Fund Manager;
      (b) its Governing Body;
      (c) an individual director of a Corporate Director;
      (d) its Custodian;
      (e) its Trustee or other Persons providing oversight;
      (f) any Advisor;
      (g) a holder of 5% or more of the Units of the Fund; or
      (h) an Associate of a Person in (a) to (g).
      (3) In CIR Rule 13.9.5, in relation to the ETF Fund Manager:
      (a) a member of the Fund Manager's Group;
      (b) a Controller of the Fund Manager;
      (c) a director or senior officer of the Fund Manager or a family member of such director or senior officer; or
      (d) a business associate of the Fund Manager or, of a person referred to in (c).
      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] DFSA RM104/2012 (Made 24th July 2012). [VER27/07-12]
      [Amended] RM162/2015 (Made 9th December 2015). [VER34/02-16]
      [Amended] DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Related Party Transaction

      (1) In MKT, has the meaning given to that term in MKT Rule 3.5.2(b).
      (2) In CIR, in relation to a Fund, means:
      (a) a transaction in respect of Fund Property entered into by a Fund Manager with a Related Party; or
      (b) in CIR Rule 13.9.5, an arrangement referred to in that Rule relating to an index or benchmark that is entered into by an ETF Fund Manager with a Related Party.
      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] RM162/2015 (Made 9th December 2015). [VER34/02-16]
      [Amended] DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Related Person

      Has the meaning given in PIB Rule 4.4.6.

      [Added] DFSA RM43/2007 (Made 1st June 2007). [VER9/06-07]
      [Amended] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Relevant Information

      Has the meaning given to it in COB Rule 8.3.1(2).

      [Added] DFSA RM104/2012 (Made 24th July 2012). [VER27/07-12]

    • Relevant Person

      (1) In AML, has the meaning in AML Rule 1.1.2.
      (2) In AUD, has the meaning in AUD Rule 1.1.2.
      [Added] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Remuneration

      Any form of remuneration, including benefits of any kind.


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

    • Reporting Entity

      Has the meaning given in Article 38 of the Markets Law 2012.

      [Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Representative Office

      A Person carrying on in the DIFC the Financial Service of Operating a Representative Office for which it has authorisation under its Licence.


      [Added] DFSA RM68/2009 (Made 3rd January 2010). [VER22/01-10]

    • Residual Maturity

      The period of time until an asset or an off-balance sheet item matures or expires.


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

    • Responsible Officer

      The Licensed Function described in GEN Rule 7.4.9.


      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]

    • Restricted Person

      Has the meaning given to that term in MKT Rule 3.4.1(2).

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

    • Restricted Profit Sharing Investment Accounts

      A PSIA in respect of the investment account holder imposes certain restrictions as to where, how and for what purpose his funds are to be invested.


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

    • Retail Client

      A Client specified under COB Rule 2.3.2.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      [Amended] DFSA RM151/2015 (Made 11th February 2012). [VER33/04-15]

    • Retail Customer [Deleted]

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

    • Return

      Includes both Quarterly Regulatory Returns and Annual Regulatory Returns.


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

    • Revolving Securitisation [Deleted]

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

    • Rho [Deleted]

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

    • Rights and Interests [Deleted]

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

    • Risk Officer

      The Key Individual function described in AMI Rule 5.3.7.

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

    • Rule

      Legislation made by the Board under Article 23 of the Regulatory Law 2004 for the purposes of that law or any law administered by the DFSA.

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

    • Rulebook

      The DFSA Rulebook.


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