Regulatory Alerts2021-12-07
Notice of Amendments to Legislation December 2021
The DFSA Board issued amendments to the DFSA Rulebook by enacting the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) Rule-Making Instrument No. 322 of 2021. This instrument repeals and replaces the existing PIB module with an updated version that incorporates stakeholder feedback from Consultation Paper No. 139. The revised regulations come into force on January 1, 2022, and are accessible via the DFSA website alongside archived versions.
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07 Dec 2021, 10:03 am
Notice of Amendments to Legislation December 2021
Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 139 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 January 1, 2022
· PRUDENTIAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING BUSINESS MODULE (PIB) RULE-MAKING INSTRUMENT (No. 322) 2021 , which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the DFSA Rulebook with an updated version (see appendix 1 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
7 December 2021
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