Notice of Amendments to Legislation (11 Dec 2011)

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11 Dec 2011, 12:12 pm

Notice of Amendments to Legislation

Following the ending of the consultation period of proposed legislative changes, that were set out in Consultation Paper No. 74 Anti-Money Laundering Supervision in the DIFC and Enhancements to the Regulatory Law 2004, the DFSA Board at its meeting on 9 June 2011, after due consideration of consultees comments, recommended to the President of the DIFC that amendments be made to the Regulatory Law 2004 and 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 consultation paper. TAKE NOTICE THAT: His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 29 November 2011 enacted the Regulatory Law Amendment (No. 2) Law of 2011 to come into force on 27 December 2011. To view what changes have been made to the Regulatory Law 2004 please consult the above mentioned amendment law which is published on the “Amendments to Legislation” section of the DFSA website. The Regulatory Law 2004 as amended will be published on the DFSA website on the date of its coming into force as described above. AND The DFSA Board made the following Rulemaking Instruments to come into force on the date the Regulatory Law Amendment (No.2) Law 2011 comes into force (27 December 2011): • , which repeals and replaces the Glossary (GLO) module of the DFSA Rulebook with an updated version; (See appendix 1 attached hereto for the detailed amendments); and • DESIGNATED NON-FINANCIAL BUSINESS AND PROFESSIONS RULE-MAKING INSTRUMENT (No. 79) 2011 , which introduced a new module of the DFSA Rulebook namely the Designated Non-Financial Business and Professions (DNF) module. The Rule-making instrument and the appendix to this notice mentioned above can be viewed under the “Amendments to Legislation” section of the DFSA website and the relevant modules of the Rulebook will be replaced on the DFSA website on the date of their coming into force as described above.

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