Rule · DFSA · 26 Feb 2020 · RMI 274/2020
The instrument repeals and replaces the Islamic Finance Rules module IFR/VER14/12-19 with a new version identified as IFR/VER15/04-20, as set out in Appendix 1. This new module includes guidance made by the Chief Executive under the Regulatory Law 2004. The instrument was made on 26 February 2020 and came into force on 1 April 2020.
ISLAMIC FINANCE RULES (IFR) RULE-MAKING INSTRUMENT (No. 274) 2020 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 26 February 2020 and shall come into force on 1 April 2020. Amendments to Modules:
(2) The Islamic Finance Rules (IFR) module – (IFR/VER14/12-19) is repealed and replaced by Appendix 1 to this instrument and may be identified by the following reference – (IFR/VER15/04-20). Citation (3) This instrument may be cited as the Islamic Finance Rules (No. 274) 2020. (4) Appendix 1 to this instrument may be cited as the Islamic Finance Rules or IFR. By Order of the Board Saeb Eigner Bryan Stirewalt Chairman Chief Executive 26 February 2020 RMI 274/2020
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“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”
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