Article 41(1) of the Regulatory Law 2004 prohibits Financial Services from being carried out in or from the DIFC. Acquiring status as a Recognised Member or Recognised Body from the DFSA exempts a firm from this prohibition and enables it to conduct certain financial services on an Authorised Market Institution, for example NASDAQ Dubai or DME.
Article 41(1) of the Regulatory Law 2004 prohibits a person from carrying on Financial Services in or from the DIFC unless such person is authorised or otherwise permitted. The DFSA does not consider that a person which meets the requirements to be recognised by the DFSA as a Recognised Body or Recognised Member, and which carries on its activities in accordance with the Rules in the Recognition module, would be conducting Financial Services in or from the DIFC.
For more information about obtaining recognition, please refer to the following sections: