Featured Product

    Dubai FSA Updates Rulebook Modules for Banks in August 2021

    August 22, 2021

    The Dubai Financial Services Authority (Dubai FSA) updated Rulebook modules for banks, following consultation on a number of proposed legislative changes that were set out in the consultation papers numbered 135, 137, and 140. The updated modules include General Module, Conduct of Business Module, Glossary Module, Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module, and Prudential Investment, Insurance Intermediation, and Banking Business Module.

    The following recently published rulemaking instruments (or notices) for financial firms, including banks, insurers, and asset managers, will come into force on September 01, 2021:

    • Glossary Module (GLO) Rule-Making Instruments (No. 298 and 303) 2021, which repeals and replaces the Glossary Module (GLO) of the Dubai FSA Rulebook with an updated version
    • General Module (GEN) Rule-Making Instruments (No. 297, 301, and 305) 2021, which repeals and replaces the General Module (GEN) of the Dubai FSA Rulebook with an updated version
    • Conduct of Business Module (COB) Rule-Making Instruments (No. 299 and 302) 2021, which repeals and replaces the Conduct of Business (COB) module of the Dubai FSA Rulebook with an updated version
    • Representative Office Module (REP) Rule-Making Instrument (No. 300) 2021, which repeals and replaces the Representative Office Module (REP) of the Dubai FSA Rulebook with an updated version
    • Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) Instrument (No. 306) 2021, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the Dubai FSA Rulebook with an updated version
    • Prudential—Investment, Insurance Intermediation, and Banking Business Module (PIB) Rule-Making Instruments (No. 304 and 307) 2021, which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the Dubai FSA Rulebook with an updated version
    • Collective Investment Rules (CIR) Rule-Making Instrument (No. 308) 2021, which repeals and replaces the Collective Investment Rules (CIR) of the Dubai FSA Rulebook with an updated version

     

    Related Links

    Effective Date: September 01, 2021

    Keywords: Middle East and Africa, United Arab Emirates, Dubai, Banking, Rulebook, AML/CFT, Dubai FSA

    Related Articles
    News

    BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks

    The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.

    March 13, 2023 WebPage Regulatory News
    News

    OSFI Finalizes on Climate Risk Guideline, Issues Other Updates

    The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.

    March 12, 2023 WebPage Regulatory News
    News

    BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending

    BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.

    March 03, 2023 WebPage Regulatory News
    News

    HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks

    The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.

    March 02, 2023 WebPage Regulatory News
    News

    BCBS Report Examines Impact of Basel III Framework for Banks

    The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.

    February 28, 2023 WebPage Regulatory News
    News

    PRA Consults on Prudential Rules for "Simpler-Regime" Firms

    Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.

    February 28, 2023 WebPage Regulatory News
    News

    DNB Publishes Multiple Reporting Updates for Banks

    DNB, the central bank of Netherlands, updated the list of additional reporting requests and published additional data quality checks and XBRL-Formula linkbase documents for the first quarter of 2023.

    February 28, 2023 WebPage Regulatory News
    News

    NBB Sets Out Climate Risk Expectations, Issues Reporting Updates

    The National Bank of Belgium (NBB) published a communication on climate-related and environmental risks, issued an update on XBRL reporting

    February 24, 2023 WebPage Regulatory News
    News

    EBA Updates Address Securitization Standards and DGS Guidelines

    The European Banking Authority (EBA) published the final draft of the regulatory technical standards that set out conditions for assessment of homogeneity of the underlying exposures in simple, transparent, and standardized (STS) securitizations.

    February 21, 2023 WebPage Regulatory News
    News

    FSB Publishes Letter to G20, Sets Out Work Priorities for 2023

    The Financial Stability Board (FSB) published a letter intended for the G20 Finance Ministers and Central Bank Governors, highlighting the work that FSB will take forward under the Indian G20 Presidency in 2023

    February 20, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8793