Featured Product

    Dubai FSA Updates Several Rulebook Modules

    March 05, 2020

    Dubai FSA updated several modules of its Rulebook, following consultation on a number of proposed legislative changes that were set out in the consultation papers numbered 125, 129, and 130. The updated modules, which come into force on April 01, 2020, include General Module; Code of Conduct Business Module; Prudential—Investment, Insurance Intermediation, and Banking Business Module; Islamic Finance Rules Module; Market Rules Module; Collective Investment Rules Module; and Glossary Module.

    The Dubai FSA Board published the following rule-making instruments (or notices):

    • General Module (GEN) Rule-Making Instrument (No. 266) 2020, 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. 267) 2020, which repeals and replaces the Conduct of Business (COB) module of the Dubai FSA Rulebook with an updated version 
    • Fees Module (FER) Rule-Making Instrument (No. 268) 2020, which repeals and replaces the Fees Module (FER) of the Dubai FSA Rulebook with an updated version
    • Glossary Module (GLO) Rule-Making Instrument (No. 269) 2020, which repeals and replaces the Glossary Module (GLO) of the Dubai FSA Rulebook with an updated version
    • Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) Rule-Making Instrument (No. 270) 2020, which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the Dubai FSA Rulebook with an updated version
    • Anti-Money Laundering, Counter-Terrorist Financing, and Sanctions Module (AML) Instrument (No. 271) 2020, which repeals and replaces the AML Module of the Dubai FSA Rulebook with an updated version
    • Auditor Module (AUD) Instrument (No. 272) 2020, which repeals and replaces the Auditor Module (AUD) of the Dubai FSA Rulebook with an updated version
    • Markets Rules (MKT) Rule-Making Instrument (No. 273) 2020, which repeals and replaces the Markets Rules (MKT) of the Dubai FSA Rulebook with an updated version
    • Islamic Finance Rules (IFR) Rule-Making Instrument (No. 274) 2020, which repeals and replaces the Islamic Finance Rules (IFR) module of the Dubai FSA Rulebook with an updated version
    • Collective Investment Rules (CIR) Rule-Making Instrument (No. 275) 2020, which repeals and replaces the Collective Investment Rules (CIR) of the Dubai FSA Rulebook with an updated version
    • Takeover Rules Module (Tko) Instrument (No. 276) 2020, which repeals and replaces the Takeover Rules (TKO) module of the Dubai FSA Rulebook with an updated version
    • Prudential—Insurance Business Module (PIN) (No. 277) 2020, which repeals and replaces the Prudential—Insurance Business (PIN) module of the Dubai FSA Rulebook with an updated version

     

    Related Links

    Effective Date: April 01, 2020

    Keywords: Middle East and Africa, United Arab Emirates, Banking, Insurance, Securities, Rulebook, Islamic Finance, Dubai FSA

    Related Articles
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans

    APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.

    September 09, 2020 WebPage Regulatory News
    News

    SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks

    SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.

    September 09, 2020 WebPage Regulatory News
    News

    FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms

    FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.

    September 09, 2020 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in September 2020

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    FSB Extends Implementation Timeline for Framework on SFTs

    FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796