Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No 156 and 158, the Dubai Financial Services Authority (DFSA) Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation paper.

TAKE NOTICE THAT:

The DFSA Board made the following Rulemaking Instruments to come into force on 1 August 2024:

•  CONDUCT OF BUSINESS MODULE (COB) RULE-MAKING INSTRUMENT (No. 386) 2024, which repeals and replaces the COB module of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
• MARKETS RULES (MKT) RULE-MAKING INSTRUMENT (No. 387) 2024, which repeals and replaces the MKT module of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);

• COLLECTIVE INVESTMENT RULES (CIR) RULE-MAKING INSTRUMENT (No. 388) 2024, which repeals and replaces the CIR module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments).

The rule-making instruments mentioned above and the appendices to this notice can be viewed under the Amendments to Legislation section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

Issued:

16 July 2024