Dubai FSA Updates Several Rulebook Modules
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
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Effective Date: April 01, 2020
Keywords: Middle East and Africa, United Arab Emirates, Banking, Insurance, Securities, Rulebook, Islamic Finance, Dubai FSA
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