Regulatory Alerts2023-07-11
Notice of Amendments to Legislation July 2023
The DFSA Board issued six Rulemaking Instruments to update the General, Conduct of Business, Authorised Market Institutions, Prudential, and Auditor modules following a consultation on Papers No. 147 and 150. Three modules take effect on 1 August 2023, while the remaining three replace existing versions and come into force on 1 January 2024. Regulated entities must apply the revised rules as they are published on the DFSA website, with earlier versions archived for reference.
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11 Jul 2023, 12:15 pm
Notice of Amendments to Legislation July 2023
Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 147 and 150 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 August 1, 2023
GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 357) 2023 , which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments);
CONDUCT OF BUSINESS MODULE (COB) RULE-MAKING INSTRUMENT (No. 358) 2023 , which repeals and replaces the Conduct of Business Module (COB) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments);
AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (No. 359) 2023 , which repeals and replaces the Authorised Market Institutions (AMI) module of the DFSA Rulebook with an updated version (see appendix 3 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. 360) 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 4 for the detailed amendments);
GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 361) 2023 , which will repeal and replace the General Module (GEN) of the DFSA Rulebook in force as at 31 December 2023 with an updated version (see appendix 5 for the detailed amendments);
AUDITOR MODULE (AUD) RULE-MAKING INSTRUMENT (No. 362) 2023 , which will repeal and replace the Auditor Module (AUD) of the DFSA Rulebook in force as at 31 December 2023 with an updated version (see appendix 6 for the detailed amendments);
CONDUCT OF BUSINESS MODULE (COB) RULE-MAKING INSTRUMENT (No. 363) 2023 , which will repeal and replace the Conduct of Business Module (COB) of the DFSA Rulebook in force as at 31 December 2023 with an updated version (see appendix 7 for the detailed amendments);
AUTHORISED MARKET INSTITUTIONS MODULE (AMI) INSTRUMENT (No. 364) 2023 , which will repeal and replace the Authorised Market Institutions (AMI) module of the DFSA Rulebook in force as at 31 December 2023 with an updated version (see appendix 8 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
11 July 2023
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