Regulatory Alerts2012-12-20
Notice of Amendments to Legislation 23 December 2012
The Dubai Financial Services Authority Board enacted the DIFC Laws Amendment (No. 2) Law of 2012 and issued corresponding Rulemaking Instruments to update or repeal key DFSA Rulebook modules following a comprehensive consultation process. These changes replace the General, Islamic Finance, Collective Investment, Authorised Market Institutions, Markets, and Glossary modules with updated versions while transferring Enforcement provisions into the Regulatory Law and RPP Sourcebook. All legislative amendments and rule updates take effect on 23 December 2012, implementing recommendations from five consultation papers to align Dubai's financial regulations with international best practices.
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