RegAlertRule · DFSA · 1 Nov 2017
Notice of Amendments to Legislation (01 Nov 2017)
The DFSA Board has enacted amendments to the DFSA Rulebook following a consultation period on Papers No. 113 and 114. These changes introduce two Rulemaking Instruments that repeal and replace the Prudential – Investment, Insurance Intermediation and Banking (PIB) Module and the Islamic Finance Rules (IFR) module. Both instruments take effect on 1 January 2018, updating the regulatory frameworks for financial services within the Dubai Financial Services Authority.
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01 Nov 2017, 12:11 pm
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. 113 and 114 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 papers.
TAKE NOTICE THAT:
The DFSA Board made the following Rulemaking Instruments to come into force on 1 January 2018
- PRUDENTlAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) (No. 209) 2017 , which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking (PIB) Module of the DFSA Rulebook with an updated version (see appendices 1 and 3 for the detailed amendments); and • ISLAMIC FINANCE RULES (IFR) (No. 210) 2017 , which repeals and replaces the Islamic Finance Rules (IFR) 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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- Definition / condition 2
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The links and the sentences they come from (2)
- Supersedes
“PRUDENTlAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING MODULE (PIB) (No. 209) 2017 , which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking (PIB) Module of the DFSA Rulebook”
- ISLAMIC FINANCE RULES (IFR) (No. 210) 2017Not in RegAlert
“ISLAMIC FINANCE RULES (IFR) (No. 210) 2017 , which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version”
Timeline
This document supersedes: RMI 209/2017 Prudential — Investment, Insurance Intermediation and Banking Business Module (PIB) Rule-Making Instrument
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