Entire Section

  • GEN 3.3 GEN 3.3 Definition of a Financial Product

    • GEN 3.3.1 GEN 3.3.1

      Pursuant to Article 41A(4) of the Regulatory Law, "financial product" in Article 41A(3)(b) of the Regulatory Law is hereby prescribed to mean:

      (a) an Investment;
      (b) a Credit Facility;
      (c) a Deposit;
      (d) a Profit Sharing Investment Account;
      (e) a Contract of Insurance;
      (f) a Crowdfunding Loan Agreement;
      (g) a right under an Employee Money Purchase Scheme;
      (h) a right or interest in a pension, superannuation, retirement or gratuity scheme or arrangement, or a broadly similar scheme or arrangement; or
      (i) a Token, whether or not it is an Investment, which is held out or referred to in a relevant communication as an ‘investment token’, ‘security token’, ‘derivative token’ or using any other name that suggests or implies that it is an Investment or a particular type of Investment.
      Added in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]
      [Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]
      [Amended] DFSA RMI201/2017 (Made 14th June 2017). [VER40/08-17]
      [Amended] DFSA RMI260/2019 (Made 18th December 2019). [VER47/01-20]
      [Amended] DFSA RMI301/2021 (Made 30th June 2021). [VER52/09-21]
      [Amended] DFSA RMI309/2021 (Made 30th June 2021). [VER53/10-21]

      • GEN 3.3.1 Guidance

        Examples of other names that, when used in any marketing material or other Financial Promotion, might suggest or imply that a Token is an Investment under GEN Rule 3.3.1(b), include terms such as ‘share token’, ‘bond token’, ‘futures token’ or ‘option token’.

        Derived from DFSA RMI309/2021 (Made 30th June 2021). [VER53/10-21]