RegAlert2019-12-18 | RMI 249/2019Added · Updated
Islamic Finance Rules (IFR) Rule-Making Instrument (No.249) 2019
The Board of the Dubai Financial Services Authority repeals and replaces the Islamic Finance Rules module (IFR/VER13/12-18) with a new version (IFR/VER14/12-19) contained in Appendix 1. This instrument also includes guidance issued by the Chief Executive under the Regulatory Law 2004. The rules come into force on the date the Collective Investment Law Amendment Law, DIFC Law No. 3 of 2019, comes into force.
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RMI249/2019 Islamic Finance Rules (IFR) Rule-Making Instrument (No.249) 2019
Click herehere to view the Rulemaking Instrument in PDF format.
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 18 December 2019 and shall come into force on the date the Collective Investment Law Amendment Law, DIFC Law No. 3 of 2019 comes into force.
Amendments to Modules:
(2) The Islamic Finance Rules (IFR) module – (IFR/VER13/12-18) is repealed and replaced by Appendix 1Appendix 1 to this instrument and may be identified by the following reference – (IFR/VER14/12-19).
Citation
(3) This instrument may be cited as the Islamic Finance Rules (No. 249) 2019.
(4) Appendix 1Appendix 1 to this instrument may be cited as the Islamic Finance Rules or IFR.
By Order of the Board
| Saeb Eigner Chairman | Bryan Stirewalt Chief Executive |
18 December 2019
RMI 249/2019
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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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