Notice of Amendments to Legislation (19 Dec 2019)

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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 Paper No. 121 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:

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 14 November 2019 enacted the Collective Investment Law Amendment Law, DIFC Law No. 3 of 2019 to come into force on 29 December 2019.

To view the changes made to the Collective Investment Law 2010, please consult the amendment law which is published on the “ Amendments to Legislation ” section of the DFSA website.

AND

The DFSA Board made the following Rulemaking Instruments to come into force on the date the Law comes into force (29 December 2019)

• GENERAL MODULE (GEN) RULE-MAKING INSTRUMENT (No. 247) 2019 , which repeals and replaces the General Module (GEN) of the DFSA Rulebook with an updated version (see appendix 1 for the detailed amendments); • COLLECTIVE INVESTMENT RULES (CIR) RULE-MAKING INSTRUMENT (No. 248) 2019 , which repeals and replaces the Collective Investment Rules (CIR) of the DFSA Rulebook with an updated version (see appendix 2 for the detailed amendments); • ISLAMIC FINANCE RULES (IFR) RULE-MAKING INSTRUMENT (No. 249) 2019 , which repeals and replaces the Islamic Finance Rules (IFR) module of the DFSA Rulebook with an updated version (see appendix 3 for the detailed amendments); • PRUDENTIAL – INVESTMENT, INSURANCE INTERMEDIATION AND BANKING BUSINESS MODULE (PIB) RULE-MAKING INSTRUMENT (No. 250) 2019 , which repeals and replaces the Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) of the DFSA Rulebook with an updated version (see appendix 4 for the detailed amendments); • GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 251) 2019 , which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 5 for the detailed amendments); • FEES MODULE (FER) RULE-MAKING INSTRUMENT (No. 252) 2019 , which repeals and replaces the Fees Module (FER) of the DFSA Rulebook with an updated version (see appendix 6 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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