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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
[ S ] [Safekeeping Arrangement—Suspicious Transaction]
Safe Custody Auditor's Report
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • [ S ] [Safekeeping Arrangement—Suspicious Transaction]

    • Safekeeping Arrangement [Deleted]

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

    • Safe Custody Auditor's Report

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


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

    • Safe Custody Investment

      Means a Client Investment held or to be held for safekeeping by an Authorised Firm or Third Party Agent.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM66/2009 (Made 1st August 2009). [VER21/08-09]

    • Safe Custody Provisions

      The provisions under COB App6.


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

    • SCA

      The Securities and Commodities Authority of the UAE.

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

    • Schedule

      In the case of a schedule referred to in the MKT module, a schedule that forms part of that module.

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

    • Securities Note

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

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

    • Securities Underwriting Capital Requirement [Deleted]

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

    • Securities Exchange Bid

      has the meaning given under TKO Section 1.4.

      [Added][VER5/09-05]

    • Securities Settlement System

      Pursuant to GEN Rule 2.18.1(4), a system operated by a Person which enables Investments held in accounts to be transferred and settled by book entry according to a set of predetermined multilateral rules.

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

    • Securitisation [Deleted]

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

    • Security

      Has the meaning given in GEN Rule A2.1.2.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended][VER5/09-05]
      [Amended] DFSA RM62/2008 (Made 4th January 2009). [VER20/01-09]

    • Segregated Account

      An account established and maintained in accordance with COB App5.


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

    • Segregated Client

      Has the meaning given in COB Rule A5.2.1(2).


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

    • Senior Executive Officer

      In relation to:

      (a) an Authorised Firm, the Licensed Function described in GEN Rule 7.4.2; and
      (b) an Authorised Market Institution, the Key Individual function described in AMI Rule 5.3.4.
      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 RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Senior Manager

      In relation to an:

      (a) Authorised Firm, the Licensed Function described in GEN Rule 7.4.7; and
      (b) Authorised Market Institution, an individual who is responsible either alone or jointly with other individuals for the management, supervision or control of the Authorised Market Institution's Financial Services and who is not a member of the Governing Body.
      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 RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Service Provider

      For the purpose of CIR, a Person who is delegated an activity or outsourced a function by a Fund Manager or Trustee under the terms of a Service Agreement, as described in CIR chapter 7.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      [Amended] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]

    • Servicer [Deleted]

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

    • [Deleted]

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

    • Share

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

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

    • Shareholder Statement

      Means a statement which describes the Share ownership profile of the Applicant prior to listing, summarising the key classes of shareholder and confirming that the Applicant complies with, or will comply with, MKT Rule 9.3.10(1) on its date of admission to the List.

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

    • Shari'a Supervisory Board

      The board comprised of individuals appointed by an Authorised Person and entrusted with the duty of directing, reviewing and supervising the activities of the Authorised Person conducting Islamic Financial Business in order to ensure that the Authorised Person in compliance with Shari'a.

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

    • Shell Bank [Deleted]

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

    • Short Form Prospectus [Deleted]

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

    • Short Selling

      In relation to:

      (a) an Authorised Firm, has the meaning given to that term in COB Rule 9.6.6(3); and
      (b) an Authorised Market Institution, has the meaning given to that term in AMI Rule 6.7.1(3).
      [Added] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Single Family

      Has the meaning given to that term in the DIFC Single Family Office Regulations.

      [Added] DFSA RM60/2008 (as from 2nd September 2008). [VER21/09-08]
      [Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Single Family Office

      Has the meaning given to that term in the DIFC Single Family Office Regulations.

      [Added] DFSA RM60/2008 (as from 2nd September 2008). [VER21/09-08]
      [Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Soft Dollar Agreement

      An agreement in any form under which an Authorised Firm receives goods or services in return for Investment Business put through or in the way of another Person.


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

    • Solvency Reference Date

      A date at which an Insurer's compliance with capital adequacy requirements in PIN chapter 4 are assessed.


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

    • Special Purpose Vehicle

      (1) In FER 1.2.7(3) and MKT App 5, a legal entity the object and purpose of which is primarily to issue Securities;
      (2) In relation to Property Investment Crowdfunding, a Body Corporate or a trust that has been established for the purpose of holding title to a property for investors; and
      (3) In any other case, a Body Corporate whose sole purpose, either generally or when acting in a particular capacity, is to carry out one or more of the following functions:
      (a) issuing Investments;
      (b) redeeming or terminating or repurchasing, whether with a view to re-issue or to cancellation, an issue, in whole or par, of Investments; or
      (c) entering into transactions or terminating transactions involving Investments in connection with the issue, redemption, termination or re-purchase of Investments;
      and has been explicitly established for the purpose of:
      (d) securitising assets; or
      (e) investing in Real Property
      and, in the case of (d), has been assessed by a rating agency.
      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended]DFSA RM34/2006[VER9/08-06]
      [Amended] DFSA RM173/2016 (Made 10th February 2016). [VER35/04-16]
      [Amended] DFSA RM257/2019 (Made 26th June 2019). [VER44/07-19]

    • Special Resolution

      In relation to a Domestic Fund, a resolution passed by a majority of not less than 75% of the votes validly cast (whether on a show of hands or on a poll) for and against the resolution at a general meeting or class meeting of Unitholders of which notice specifying the intention to propose the resolution as a special resolution has been duly given.

      [Added][VER8/04-06]

    • Specific Risk

      The risk that losses on an Authorised Firm's net long or short position in an individual equity or Security may arise from a negative or positive price movement of that equity or Security relative to the relevant market generally.


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

    • Sponsor

      An Authorised Firm that repackages third party assets directly into a securitisation scheme. Where an Authorised Firm repackages non-Investment Grade third party assets, it may fall within the definition of an Originator unless it originates or repackages no more than 10% of the scheme's total assets.

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

    • SSB

      Shari'a Supervisory Board.


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

    • SSS

      A Securities Settlement System.

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

    • Stabilisation Agent

      A Person appointed by a Stabilisation Manager under PRS Rule 3.4.1 to assist him in conducting Price Stabilisation.

      [Added][VER4/08-05]

    • Stabilisation Manager

      A Person appointed by an Issuer of Shares under PRS Rule 3.2.1 to conduct Price Stabilisation.

      [Added][VER4/08-05]

    • Stabilisation Window

      The period of time specified in PRS Rule 1.4.1(2) during which Price Stabilisation may occur.

      [Added][VER4/08-05]
      [Amended] DFSA RM70/2010 (Made 11th July 2010). [VER3/07-10]

    • State

      The U.A.E.


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

    • Statement by Directors

      The statement described under PIN section A10.5.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      Amended from DFSA RM44/2007 (Made 1st June 2007). [VER2/06-07]

    • Statement of Recommended Practice (SORP)

      The Statement of Recommended Practice as issued and amended from time to time by the Investment Management Association (IMA) in the United Kingdom.

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

    • Structured Product

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

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

    • Sub-Fund

      A separate pool of Fund Property within an Umbrella Fund.

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

    • Subsidiary

      Has the meaning given in Schedule 1 to the DIFC Companies Law and, without limiting the generality of that definition, is taken to include, in relation to a relevant Body Corporate (the Holding Company), the Holding Company's ultimate Subsidiary and any Subsidiary between the Holding Company and the Holding Company's ultimate Subsidiary.


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

    • Summary

      The document referred to in MKT Rule 2.5.2(1) or in CIR Rule 14.3.1(d).

      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • SUP [Deleted]

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

    • Supplementary Notes

      A note which is supplementary to a Return.


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

    • Supplementary Prospectus

      An updated or replacement Prospectus produced in accordance with Article 18 of the Markets Law 2012 or Article 52 of the Collective Investment Law 2010, as applicable.

      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 RM56/2008 (Made 1st July 2008). [VER17/07-08]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Suspicious Activity Report (SAR)

      Means a report in the prescribed format regarding suspicious activity (including a suspicious transaction) made to the AMLSCU under AML Rule 13.3.1(c).

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

    • Synthetic Securitisation [Deleted]

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