Regulatory Alerts2016-06-26
Notice of Amendments to Legislation (26 Jun 2016)
The DFSA Board has enacted amendments to eight core modules of the DFSA Rulebook through specific Rulemaking Instruments, effective 1 August 2016. These instruments repeal and replace the General, Anti-Money Laundering, Counter-Terrorist Financing and Sanctions, Recognition, Representative Office, Glossary, Auditor, Conduct of Business, and Prudential modules with updated versions that incorporate stakeholder feedback from Consultation Papers No. 103 and 105. All finalized instruments, detailed appendices, and archived versions are accessible on the DFSA website ahead of their implementation date.
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26 Jun 2016, 12:06 pm
Notice of Amendments to Legislation
Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 103 and 105 , 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 1 August 2016 .
GENERAL MODULE (GEN) INSTRUMENT (No. 176) 2016 , which repeals and replaces the General Module (GEN) 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. 177) 2016 , 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);
RECOGNITION (REC) INSTRUMENT (No. 178) 2016 , which repeals and replaces the Recognition (REC) Module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments);
REPRESENTATIVE OFFICE MODULE (REP) INSTRUMENT (No. 179) 2016 , which repeals and replaces the Representative Office Module (REP) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments);
GLOSSARY MODULE (GLO) INSTRUMENT (No. 180) 2016 , which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments);
AUDITOR MODULE (AUD) INSTRUMENT (No. 181) 2016 , which repeals and replaces the Auditor Module (AUD) of the DFSA Rulebook with an updated version (see appendix 6 for the detailed amendments);
CONDUCT OF BUSINESS MODULE (COB) INSTRUMENT (No.182) 2016 , which repeals and replaces the Conduct of Business Module (COB) of the DFSA Rulebook with an updated version (see appendix 7 for the detailed amendments);
PRUDENTlAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) (No. 183) 2016 , which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Module (PIB) of the DFSA Rulebook 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 of the Rulebook 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.
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