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  • Declaration Notices

    • Exempt Offeror Declaration Notice – ICDPS Sukuk Limited

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      NOTICE OF APPROVAL OF ICDPS SUKUK LIMITED AS EXEMPT OFFEROR UNDER RULE A5.1.1 OF MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following Person as an Exempt Offeror for purposes of Article 13(3) of the Markets Law 2012:

      (1) ICDPS Sukuk Limited.

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 or the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Person.

      EFFECTIVE PERIOD

      This Notice comes into effect on 31 October 2017 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      Note: This notice to be read in conjunction with the notice dated 7 September 2015 declaring The Islamic Corporation for the Development of the Private Sector and others as Exempt Offerors.

      THIS NOTICE IS ISSUED AT 14:00 hours on 31 October 2017 by:

      ……………………………………………
      Eric Salomons — Director, Head of Markets
      The Dubai Financial Services Authority

    • Exempt Offerer Declaration Notice — Sharjah Sukuk Programme Limited

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      NOTICE OF APPROVAL OF SHARJAH SUKUK PROGRAMME LIMITED AS EXEMPT OFFEROR UNDER RULE A5.1.1 OF MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following Person as an Exempt Offeror for purposes of Article 13(3) of the Markets Law 2012:

      (1) SHARJAH SUKUK PROGRAMME LIMITED

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 or the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Person.

      EFFECTIVE PERIOD

      This Notice comes into effect on 18 June 2017 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      Note: This notice to be read in conjunction with the notice dated 16 September 2014 declaring the Government of Sharjah and others as Exempt Offerors.

      THIS NOTICE IS ISSUED AT 13:00 hours on 18 June 2017 by:

      ……………………………………………
      Eric Salomons — Director, Head of Markets
      The Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – Hong Kong Sukuk 2017 Limited

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      NOTICE OF APPROVAL OF HONG KONG SUKUK 2017 LIMITED AS AN EXEMPT OFFEROR UNDER THE MARKETS LAW AND RULE A5.1.1 OF THE MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following entity as an Exempt Offeror for the purposes of Article 13(3) of the Markets Law 2012:

      (1) The Hong Kong Sukuk 2017 Limited.

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 or the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Person.

      EFFECTIVE PERIOD

      This Notice comes into effect on 18 January 2017 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      Note: This notice to be read in conjunction with the notice dated 25th August 2014 declaring the Government of Hong Kong Special Administrative Region and others as Exempt Offerors.

      THIS NOTICE IS ISSUED AT 14:00 hours on 18 January 2017 by:

      ……………………………………………
      Eric Salomons — Director, Head of Markets
      The Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – Sharjah Sukuk (2) Limited

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      NOTICE OF APPROVAL OF SHARJAH SUKUK (2) LIMITED AS EXEMPT OFFEROR UNDER THE MARKETS LAW 2012 AND THE MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following Person as Exempt Offeror for the purposes of Article 13(3) of the Markets Law 2012:

      (1) Sharjah Sukuk (2) Limited, c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 and the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Person.

      EFFECTIVE PERIOD

      This notice comes into effect on 11 January 2016 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 18:00 hours on 11 January 2016 by:

      ……………………………………………
      Eric Salomons, Director, Head of Markets
      The Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – ICD and Hilal Services Ltd

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      NOTICE OF APPROVAL OF ICD AND HILAL SERVICES LTD AS EXEMPT OFFERORS UNDER THE MARKETS LAW 2012 AND THE MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Article 13(3) of the Markets Law 2012 and Rule A5.1.1 of the Markets Rules, it hereby approves the following Persons as Exempt Offerors:

      (1) The Islamic Corporation for the Development of the Private Sector; and
      (2) Hilal Services Ltd c/o Walkers Fiduciary Limited, Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands.

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 and the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Persons.

      EFFECTIVE PERIOD

      This notice comes into effect on 7 September 2015 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 18:00 hours on 7 September 2015 by:

      ……………………………………………
      Eric Salomons, Director, Head of Markets
      The Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – IFC and IFC Sukuk Company

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      NOTICE OF APPROVAL OF IFC and IFC SUKUK COMPANY AS EXEMPT OFFERORS UNDER THE MARKETS LAW AND THE MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Article 13(3) of the Markets Law 2012 and Rule A5.1.1 of the Markets Rules, it hereby approves the following Persons as Exempt Offerors:

      (1) International Finance Corporation (IFC) and;
      (2) IFC Sukuk Company c/o International Finance Corporation, 2121 Pennsylvania Ave NW, Washington, DC 20433, United States of America

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 and the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Persons.

      EFFECTIVE PERIOD

      This Notice comes into effect on 25 August 2015 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 10:00 hours on 25 August 2015 by:

      ……………………………………………
      Eric Salomons, Director, Head of Markets
      The Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – Hong Kong Sukuk 2015 Limited

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      NOTICE OF APPROVAL OF HONG KONG SUKUK 2015 LIMITED AS EXEMPT OFFEROR UNDER RULE A5.1.1 OF MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following Person as an Exempt Offeror for purposes of Article 13(3) of the Markets Law 2012:

      (1) The Hong Kong Sukuk 2015 Limited.

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 or the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Person.

      EFFECTIVE PERIOD

      This Notice comes into effect on 11 May 2015 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      Note: This notice to be read in conjunction with the notice dated 25th August 2014 declaring the Government of Hong Kong Special Administrative Region and others as Exempt Offerors.

      THIS NOTICE IS ISSUED AT 1500 hours on 11 May 2015 by:

      ……………………………………………
      Eric Salomons — Director, Head of Markets
      The Dubai Financial Services Authority

    • Notice of Declaration Pursuant to Article 38(4) of the Markets Law 2012 – Khadrawy Limited

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      NOTICE OF DECLARATION PURSUANT TO ARTICLE 38(4) OF THE MARKETS LAW 2012

      THE DFSA HEREBY DECLARES THAT:

      in accordance with Article 38(4)(a)(ii) of the Markets Law 2012, Khadrawy Limited, c/o MaplesFS Limited, PO Box 1093, Queensgate House, Grand Cayman, KY1-1102, Cayman Islands is not a Reporting Entity under the Markets Law 2012 for purposes of (i) U.S.$242,000,000 Restricted Global Certificate; and (ii) U.S.$ 671,026,000 Regulation S Global Certificate in aggregate representing U.S.$913,026,000 2.471 per cent. Trust Certificates Due 2025.

      As such, the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Person.

      EFFECTIVE PERIOD

      This Notice comes into effect on 31 March 2015 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 18:00 hours on 31 March 2015 by:

      ……………………………………………
      Eric Salomons, Director, Head of Markets
      Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – Perusahaan Penerbit SBSN Indonesia III and Republic of Indonesia

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      NOTICE OF APPROVAL OF PERUSAHAAN PENERBIT SBSN INDONESIA III AND REPUBLIC OF INDONESIA AS EXEMPT OFFERORS UNDER RULE A5.1.1 OF THE MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following Persons as Exempt Offerors for purposes of Article 13(3) of the Markets Law 2012:

      (1) Republic of Indonesia; and
      (2) Perusahaan Penerbit SBSN Indonesia III c/o Ministry of Finance of the Republic of Indonesia, Frans Seda Building Level 5, Jalan DR. Wahidin Raya No. 1, Jakarta 10710 Indonesia.

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 and the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Persons.

      EFFECTIVE PERIOD

      This Notice comes into effect on 25 March 2015 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 12:00 hours on 25 March 2015 by:

      ……………………………………………
      Bryan Stirewalt, Acting Chief Executive
      Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – Government of Sharjah and Sharjah Sukuk Limited

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      NOTICE OF APPROVAL OF GOVERNMENT OF SHARJAH AND SHARJAH SUKUK LIMITED AS EXEMPT OFFERORS UNDER RULE A5.1.1 OF MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following Persons as Exempt Offerors for purposes of Article 13(3) of the Markets Law 2012:

      (1) The Government of Sharjah, Al Layyeh Suburb, P.O. Box 201 Sharjah, United Arab Emirates; and
      (2) Sharjah Sukuk Limited, c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman KY1 1104, Cayman Islands.

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 and the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Persons.

      EFFECTIVE PERIOD

      This Notice comes into effect on 16 September 2014 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 10:00 hours on 16 September 2014 by:

      ……………………………………………
      Bryan Stirewalt, Acting Chief Executive
      The Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – Government of the Hong Kong Special Administrative Region, Financial Services Incorporated and Hong Kong Sukuk 2014 Limited

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      NOTICE OF APPROVAL OF GOVERNMENT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION, FINANCIAL SERVICES INCORPORATED AND HONG KONG SUKUK 2014 LIMITED AS EXEMPT OFFERORS UNDER RULE A5.1.1 OF MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the following Persons as Exempt Offerors for purposes of Article 13(3) of the Markets Law 2012:

      (1) The government of the Hong Kong Special Administrative Region;
      (2) Financial Secretary Incorporated; and
      (3) The Hong Kong Sukuk 2014 Limited.

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 or the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Persons.

      EFFECTIVE PERIOD

      This Notice comes into effect on 25th August 2014 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 1600 hours on 25 August 2014 by:

      ……………………………………………
      Ian Johnston, Chief Executive
      The Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – Islamic Development Bank

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      NOTICE OF APPROVAL OF THE ISLAMIC DEVELOPMENT BANK AS AN EXEMPT OFFEROR UNDER RULE A5.1.1 OF THE MARKETS RULES

      THE DFSA HEREBY GIVES NOTICE THAT:

      in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves The Islamic Development Bank of King Khalid Street, PO Box 5925, Jeddah 21432, Kingdom of Saudi Arabia as an Exempt Offeror for purposes of Article 13(3) of the Markets Law 2012.

      As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 or the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the Securities of the Islamic Development Bank or to the Securities which are unconditionally and irrevocably guaranteed by the Islamic Development Bank.

      EFFECTIVE PERIOD

      This Notice comes into effect on 24 October 2013 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 1100 hours on 24 October 2013 by:

      ……………………………………………
      Stephen Glynn, Acting Chief Executive
      The Dubai Financial Services Authority

    • Exempt Offeror Declaration Notice – Ras Al Khaimah and RAK Capital

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      THE DFSA HEREBY GIVES NOTICE THAT:in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves the Government of Ras Al Khaimah and RAK Capital of 190 Elgin Avenue, George Town, Grand Cayman, KY1-9005, Cayman Islands as Exempt Offerors for purposes of Article 13(3) of the Markets Law 2012.

      EFFECTIVE PERIOD

      This Notice comes into effect on 3rd July 2013 and remains in effect until further notice.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 1600 hours on 3 JULY 2013 by:

      ……………………………………………
      Bryan Stirewalt, Acting Chief Executive
      The Dubai Financial Services Authority

    • Declaration Notice – Article 38

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      TAKE NOTICE THAT the Dubai Financial Services Authority (DFSA), pursuant to Article 38(4) of the Markets Law 2012 (the Law), hereby declares that any Person who:

      (a) has made an Exempt Offer in or from the Dubai International Financial Centre (DIFC) between the date of enactment of the Law and the date on which this notice takes effect; or
      (b) makes an Exempt Offer in or from the DIFC between the date on which this notice takes effect and the date on which this notice expires or is withdrawn by the DFSA,

      is not a Reporting Entity for the purposes of the Law and the Markets Rules in respect of such Exempt Offer, unless the Securities offered under the relevant Exempt Offer are admitted to the Official List of Securities.

      THIS NOTICE TAKES EFFECT ON 4 DECEMBER 2012 AND REMAINS IN FORCE UNTIL FURTHER NOTICE.

      Pursuant to Article 38(5) of the Law, between the date of this notice and its expiration or withdrawal by the DFSA, any Person affected by this notice may make representations in person and in writing to the DFSA. Written representations and requests to make representations in person should be sent to markets@dfsa.ae.

      The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      THIS NOTICE IS ISSUED AT 15.00 hours on 25 November 2012 by:

      ……………………………………………
      Ian Johnston, Chief Executive
      The Dubai Financial Services Authority

    • Notice to Declare a Financial Instrument an Investment (No 1)

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      THE DFSA HEREBY GIVES NOTICE THAT:

      The DFSA, in exercise of the powers conferred upon it under Rule A2.4.1 of the General (GEN) module of the DFSA Rulebook AND having satisfied itself in accordance with Rule A2.4.1(3) HEREBY DECLARES THAT:

      Dubai Gold Securities issued by Dubai Gold Securities LLP pursuant to the Offer Document dated on or about 2 March 2009 are Structured Products as defined in GEN A.2.2.1.

      EFFECTIVE PERIOD

      This Notice comes into effect on 26 February 2009 and remains in effect until further notice.

      RESTRICTIONS AND LIMITATIONS

      None.

      INTERPRETATION

      The provisions in this notice are to be construed in accordance with section 6.2 of GEN as if these provisions are provisions of the Rulebook.

      Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

      This notice was issued by:

      Name : Paul M Koster
      Position : Chief Executive
      DATE OF ISSUE : 26 February 2009