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DFSA makes extensive amendments to financial sector laws and regulations

BIScom Subsection: 
Author: 
Editorial Staff

Following consultation on a number of proposed legislative changes that were set out in Consultation Paper No. 124 the Dubai Financial Services Authority Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. The amendments come into force on 1 July 2019.

The DFSA Board made the following Rulemaking Instruments to come into force on 1 July 2019

• GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 253) 2019, 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) RULE-MAKING INSTRUMENT (No. 254) 2019, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
• COLLECTIVE INVESTMENT RULES (CIR) INSTRUMENT (No. 255) 2019, which repeals and replaces the Collective Investment Rules (CIR) of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
• MARKETS RULES (MKT) RULE-MAKING INSTRUMENT (No. 256) 2019, which repeals and replaces the Markets Rules (MKT) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
• GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 257) 2019, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments); and
• ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS MODULE (AML) INSTRUMENT (No. 258) 2019, 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 6 for the detailed amendments).

The rule-making instruments 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.

For links to the relevant documents, see http://www.dfsa.ae/en/MediaRel...(9)?newsid=226

 


 

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