RegAlert2021-06-30 | RMI 317/2021Added
Islamic Finance Rules (IFR) Rule-Making Instrument (No. 317) 2021
The Board of the Dubai Financial Services Authority repeals the existing Islamic Finance Rules module (IFR/VER17/04-21) and replaces it with a new version identified as (IFR/VER18/10-21). This instrument also incorporates guidance made by the Chief Executive under the Regulatory Law 2004. The rules come into force on the date the DIFC Laws Amendment Law, DIFC Law No. 6 of 2021 comes into force.
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ISLAMIC FINANCE RULES (IFR) RULE-MAKING INSTRUMENT (No. 317) 2021 The Board of the Dubai Financial Services Authority in the exercise of the powers conferred on them by Article 23 of the Regulatory Law 2004, hereby make the Rules in the appendix to this instrument. The appendix to this instrument also contains the guidance made by the Chief Executive in the exercise of the powers conferred on him under the Regulatory Law 2004. Commencement:
(1) This instrument is made on 30 June 2021 and shall come into force on the date the DIFC Laws Amendment Law, DIFC Law No. 6 of 2021 comes into force. Amendments to Modules:
(2) The Islamic Finance Rules (IFR) module – (IFR/VER17/04-21) is repealed and replaced by Appendix 1 to this instrument and may be identified by the following reference – (IFR/VER18/10-21). Citation (3) This instrument may be cited as the Islamic Finance Rules (No. 317) 2021. (4) Appendix 1 to this instrument may be cited as the Islamic Finance Rules or IFR. By Order of the Board Fadel Al Ali Bryan Stirewalt Chairman Chief Executive 30 June 2021 RMI 317/2021
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Lineage: In force
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Source: Dubai Financial Services Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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