Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 145 and 146 the 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 April 1, 2023

·         AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (No. 346) 2023, which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);

·         ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS MODULE (AML) INSTRUMENT (No. 347) 2023, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);

·         GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 348) 2023, which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);

·         PRUDENTIAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING BUSINESS MODULE (PIB) RULE-MAKING INSTRUMENT (No. 349) 2023, which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);

·         PRUDENTIAL – INSURANCE BUSINESS MODULE (PIN) (No. 350) 2023, which repeals and replaces the Prudential –Insurance Business (PIN) module of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);

·         GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 351) 2023, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments). 

AND:

The DFSA Board made the following Rulemaking Instrument to come into force on January 1, 2024

·         PRUDENTIAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING BUSINESS MODULE (PIB) RULE-MAKING INSTRUMENT (No. 352) 2023, which will repeal and replace the version of the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the DFSA Rulebook in force as at 31 December 2023 with an updated version (see appendix 7 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

3 March 2023