Regulatory Alerts2019-12-19
Notice of Amendments to Legislation (19 Dec 2019)
The DFSA Board issued amendments to the Dubai Financial Services Authority Rulebook following a consultation period on Papers No. 122 and 127, incorporating stakeholder feedback into updated General Module (GEN) and Conduct of Business (COB) modules. These changes are formalized through Rulemaking Instruments No. 241 and No. 259 of 2019, which repeal and replace the existing GEN and COB sections with revised versions. The updated legislation takes effect on 1 January 2020, with detailed amendments and archived versions made available on the DFSA website.
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19 Dec 2019, 06:12 am
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. 122 and 127 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 January 2020
• GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 241) 2019 , 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. 259) 2019 , which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 2 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.
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