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DFSA (Dubai) issues replacement regulatory RuleBook and Code

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Author: 
Editorial Staff

The DFSA Rulebook and Code of Market Conduct were subject to consultation and, following that, the DFSA Board has concluded the production of revisions to both documents.

The DFSA Board has passed a series of instruments (listed below) to give effect to the new versions. DSFA reminds users that, as a result of the consultation, there may be differences between the final version as published and the original drafts.

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);

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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.

The relevant documents, and the current versions of the RuleBooks, are at http://dfsa.complinet.com/ .