(1) The DFSA
may, subject to (2), approve an offer document produced under legislation in a jurisdiction other than the DIFC
for the purposes of meeting the Prospectus
requirements in this chapter where:
(a) it is satisfied that:
(i) the Prospectus contains information equivalent to that which is required for a Prospectus in this chapter; and
(ii) the offeror meets all the other requirements relating to a Prospectus Offer as prescribed in the Rules; or
(b) the other jurisdiction provides a level of regulation relating to the offer which is acceptable to the DFSA.
(2) The DFSA
may, subject to (3), approve an offer document referred to in (1) in accordance with the requirements and procedures set out in section 2.6
and, subject to such conditions or restrictions imposed by the DFSA
as it sees fit.
(3) An application for approval of an offer document produced in accordance with the legislation in a jurisdiction other than the DIFC
(a) be made using the appropriate form in AFN
(b) be accompanied by the relevant fee prescribed in FER
(i) where the offer document referred to in (1) is not in the English language, an English translation acceptable to the DFSA; and
(ii) a clear statement that it is an offer document prepared in accordance with the requirements applicable in the relevant jurisdiction and not in the DIFC.
(4) An offer document referred to in (1) is an Approved Prospectus
for the purposes of Article 14
(1) of the Law where it has been approved by the DFSA
in accordance with the requirements in this Rule
and section 2.6