Entire Section

  • [ E ] [ E ] [Effecting Contracts of Insurance—External Fund Manager]

    • Effecting Contracts of Insurance

      Has the meaning given in GEN section 2.15.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Eligible Bank

      Means:

      (a) a Bank;
      (b) a legal entity that is authorised to accept deposits and supervised by the Central Bank of the State; or
      (c) a legal entity that is:
      (i) authorised to accept deposits and supervised by a Financial Services Regulator in a jurisdiction outside the State; and
      (ii) Rated at least A- by Standard & Poor's, or the equivalent by another Rating Agency.

    • Eligible Custodian

      Has the meaning given in CIR Rule 8.2.4

      [Added][VER8/04-06]
      [Amended]DFSA RM34/2006[VER9/08-06]
      [Amended] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      [Amended] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]

    • Eligible Person [Deleted]

      [Deleted] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]

    • Eligible Security

      A Share, Debenture, Certificate over a Share or Debenture, Warrant over a Share or Debenture or a Unit that is a share representing the rights or interests of a Unitholder in a Fund.

      [Added] DFSA RM70/2010 (Made 11th July 2010). [VER3/07-10]
      [Amended] DFSA RM217/2018 (as from 22nd February 2018). [VER39/04-18]

    • Employee

      An individual:

      (a) who is employed or appointed by a Person in connection with that Person's business, whether under a contract of service or for services or otherwise; or
      (b) whose services, under an arrangement between that Person and a third party, are placed at the disposal and under the control of that Person.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Employee Money Purchase Scheme

      Has the meaning given in Schedule 1 to the Regulatory Law.

      [Added]DFSA RM262/2019 (Made 18th December 2019). [VER46/01-20]

    • Employee Share Scheme

      A scheme or arrangement for encouraging or facilitating the holding of Securities of a Body Corporate by or for the benefit of:

      (a) existing or former Employees of the Body Corporate or an entity in its Group; or
      (b) Close Relatives of the Employees referred to in (a).
      Derived from DFSA RMI269/2020 (Made 26th February 2020). [VER47/04-20]

    • Employment Law

      The DIFC Employment Law 2019.

      [Added] DFSA RM262/2019 (Made 18th December 2019). [VER46/01-20]
      [Amended] DFSA RMI303/2021 (Made 30th June 2021). [VER52/09-21]

    • Employment Regulations

      The Regulations made under the DIFC Employment Law as amended from time to time.

      [Added]DFSA RM262/2019 (Made 18th December 2019). [VER46/01-20]

    • ENF [Deleted]

      [Deleted] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • Enforceable Undertaking [Deleted]

      [Deleted] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • Enforcement Decisions Committee [Deleted]

      [Deleted] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • Equity Risk Capital Requirement

      A component of the Market Risk Capital Requirement, calculated in accordance with PIB section 5.5.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • ETF

      An Exchange Traded Fund.

      Derived from DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • ETF Fund Manager

      The Fund Manager of an ETF.

      Derived from DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Error Trade

      In relation to an:

      (a) Authorised Market Institution, has the meaning given in AMI Rule 6.6.1; and
      (b) Authorised Firm, has the meaning given in COB Rule 9.6.5(3)
      [Added] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Exchange

      An Authorised Market Institution which is authorised under its Licence to carry on the Financial Service of Operating an Exchange.

      [Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]

    • Execute

      (In relation to a transaction) carry into effect or perform the transaction, whether as principal or as agent, including instructing another Person to execute the transaction.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Execution — Only Transaction

      A Transaction executed by an Authorised Firm upon the specific instructions of a Client where the Authorised Firm does not give advice of the kind prescribed under GEN Rule 2.11.1 in relation to the Transaction and where, in the case only of Units, the Authorised Firm has not Offered those particular Units to that Person.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]

    • Exempt Communications

      Communications referred to in MKT Rule 2.2.1.

      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Exempt Fund

      Has the meaning given in Article 16(4) of the Collective Investment Law 2010.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Exempt Offer [Deleted]

      [Deleted] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Exempt Offeror [Deleted]

      [Deleted] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Exempt Offers

      Offers prescribed in MKT Rule 2.3.1.

      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Exempt Property Fund

      A Property Fund that is also an Exempt Fund.

      [Added] RM162/2015 (Made 9th December 2015). [VER34/02-16]

    • Exempt Securities

      In the case of Securities other than Units, Securities prescribed in MKT Rule 2.4.1.

      In the case of Units, those prescribed in Rule 6.3.3.

      [Added] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]

    • Expenditure Based Capital Minimum

      A capital requirement calculated in accordance with PIB section 3.7.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Exposure

      The maximum loss that an Authorised Firm (and, where applicable, its PSIA holders) might suffer as a result of the default or failure of a Counterparty, or a group of Closely Related Counterparties or an issuer or group of Closely Related issuers.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • External Fund

      Has the meaning given in Article 14 of the Collective Investment Law 2010.

      [Added] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]

    • External Fund Manager

      Has the meaning given in Article 20(5) of the Collective Investment Law 2010.

      [Added] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]