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    Dubai FSA Updates Rulebook Modules for Banks in July 2021

    July 14, 2021

    The Dubai Financial Services Authority (Dubai FSA) updated the Rulebook modules for banks, following consultation on a number of proposed legislative changes that were set out in the consultation paper numbered 137. The updated modules include General Module, Conduct of Business Module, Glossary Module, and Prudential Investment, Insurance Intermediation, and Banking Business Module. The updated modules came into force on August 01, 2021.

    The following rulemaking instruments (or notices) for financial firms, including banks, insurers, and asset managers have been published:

    • General Module (GEN) Rule-Making Instrument (No. 301) 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 Instrument (No. 302) 2021, which repeals and replaces the Conduct of Business (COB) module of the Dubai FSA Rulebook with an updated version.
    • Glossary Module (GLO) Rule-Making Instrument (No. 303) 2021, 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. 304) 2021, which repeals and replaces the Prudential—Investment, Insurance Intermediation and Banking Business Module (PIB) of the Dubai FSA Rulebook with an updated version.

     

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    Effective Date: August 01, 2021

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

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