Featured Product

    Dubai FSA Updates Rulebook Modules for Banks in September 2021

    September 22, 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 no. 138. The updated modules include General Module, Authorized Market Institutions Module, Conduct of Business Module, Markets Rules Module, Collective Investment Rules Module, Fees Module, Glossary Module, Islamic Finance Rules 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 October 25, 2021:

    • General Module (GEN) Rule-Making Instrument (No. 309) 2021, which repeals and replaces the General Module (GEN) of the Dubai FSA Rulebook with an updated version
    • Authorized Market Institutions Module (AMI) Instrument (No. 310) 2021, which repeals and replaces the Authorized Market Institutions (AMI) module of the Dubai FSA Rulebook with an updated version
    • Conduct of Business Module (COB) Rule-Making Instrument (No. 311) 2021, which repeals and replaces the Conduct of Business (COB) module of the Dubai FSA Rulebook with an updated version
    • PrudentialInvestment, Insurance Intermediation and Banking Business Module (PIB) Rule-Making Instrument (No. 312) 2021, which repeals and replaces the PrudentialInvestment, Insurance Intermediation and Banking Business Module (PIB) of the Dubai FSA Rulebook with an updated version
    • Markets Rules (MKT) Rule-Making Instrument (No. 313) 2021, which repeals and replaces the Markets Rules (MKT) of the Dubai FSA Rulebook with an updated version
    • Collective Investment Rules (CIR) Rule-Making Instrument (No. 314) 2021, which repeals and replaces the Collective Investment Rules (CIR) of the Dubai FSA Rulebook with an updated version
    • Fees Module (FER) Rule-Making Instrument (No. 315) 2021, which repeals and replaces the Fees Module (FER) of the Dubai FSA Rulebook with an updated version
    • Glossary Module (GLO) Rule-Making Instrument (No. 316) 2021, which repeals and replaces the Glossary Module (GLO) of the Dubai FSA Rulebook with an updated version
    • Islamic Finance Rules (IFR) Rule-Making Instrument (No. 317) 2021, which repeals and replaces the Islamic Finance Rules (IFR) module of the Dubai FSA Rulebook with an updated version

     

    Related Links

    Effective Date: October 25, 2021

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

    Related Articles
    News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News
    News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News
    News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News
    News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News
    News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News
    News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News
    News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    News

    FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates

    The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.

    December 20, 2022 WebPage Regulatory News
    News

    FSB Reports Assess NBFI Sector and Progress on LIBOR Transition

    The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.

    December 20, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8697