Dubai FSA Updates Several Modules of Its Rulebook
Dubai FSA updated several modules of its Rulebook, following consultation on a number of proposed legislative changes that were set out in the consultation paper No. 124. The updated modules, which come into force on July 01, 2019, include General Module, Code of Conduct Business Module, Collective Investment Rules Module, Market rules Module, and Glossary Module.
The Dubai FSA Board published the following rule-making Instruments (or notices):
- General Module (GEN) Rule-Making Instrument (No. 253) 2019, which repeals and replaces the General Module (GEN) of the Dubai FSA Rulebook with an updated version.
- Conduct of Business Module (COB) Rule-Making Instrument (No. 254) 2019, which repeals and replaces the Conduct of Business (COB) module of the Dubai FSA Rulebook with an updated version.
- Collective Investment Rules (CIR) Instrument (No. 255) 2019, which repeals and replaces the Collective Investment Rules (CIR) module of the Dubai FSA Rulebook with an updated version
- Markets Rules (MKT) Rule-Making Instrument (No. 256) 2019, which repeals and replaces the Markets Rules (MKT) module of the Dubai FSA Rulebook with an updated version
- Glossary Module (GLO) Rule-Making Instrument (No. 257) 2019, which repeals and replaces the Glossary Module (GLO) of the Dubai FSA Rulebook with an updated version
Related Links
Effective Date: July 01, 2019
Keywords: Middle East and Africa, United Arab Emirates, Banking, Securities, Rulebook, Dubai FSA
Related Articles
EBA Issues Erratum for Phase 2 Package of Reporting Framework 3.0
EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.
MAS Amends Notice on Related Party Transactions of Banks
MAS amended Notice 643A that addresses requirements for banks to prepare statements of exposures and credit facilities to related concerns or parties.
ECB Amends Guideline on Euro Short-Term Rate
ECB has published, in the Official Journal of the European Union, the Guideline 2021/565 on the euro short-term rate (€STR) and this guideline amends the previous ECB Guideline 2019/1265.
EBA Consults on Standards Related to FRTB-SA
EBA launched a consultation on the draft regulatory technical standards on the list of countries with an advanced economy for calculating the equity risk under the alternative standardized approach (FRTB-SA).
PRA Proposes Rules Related to IRB Approach for Credit Risk
PRA is proposing, via CP7/21, the approach to implementing new requirements related to the specification of the nature, severity, and duration of an economic downturn in the internal ratings-based (IRB) approach to credit risk.
BoE Outlines Regulatory Treatment of Recovery Loan Scheme of UK
The UK government launched the Recovery Loan Scheme (RLS) as part of its continued COVID-19 support for UK businesses, as announced by HM Treasury on March 03, 2021.
FSB Addresses G20 on COVID Measures, TBTF Reforms, and Climate Risks
FSB published a letter, from its Chair Randal K. Quarles, to the G20 Finance Ministers and Central Bank Governors, ahead of their virtual meeting on April 07, 2021.
OSFI Unwinds Temporary Increase to Covered Bond Limit for Banks
OSFI issued a letter to the deposit-taking institutions issuing covered bonds and announced the unwinding of the temporary increase to the covered bond limit for deposit-taking institutions, effective immediately.
EU Amends CRR and Securitization Regulation in Response to Pandemic
To support recovery from the COVID-19 crisis, EU has published two regulations to amend the securitization framework, as set out in the Securitization Regulation (2017/2402) and the Capital Requirements Regulation or CRR (575/2013).
HM Treasury Announces G7 Agreement on Green Agenda Ahead of COP26
HM Treasury announced that G7 Finance Ministers and Central Bank Governors met ahead of COP 26, the 2021 UN Climate Change Conference, and agreed on green agenda.