Entire Section

  • AMI 12 AMI 12 Transition and Saving

    • AMI 12.1 AMI 12.1 Transitional Rule for Key Individuals

      • AMI 12.1.1

        (1) In this Rule:
        (a) "Commencement Date" means the date on which the DIFC Law Amendment Law No. 1 of 2014 comes into force;
        (b) "Current Regime" means the provisions in the Regulatory Law and AMI module as in force on the Commencement Date; and
        (c) "Previous Regime" means the provisions in the Regulatory Law and AMI module as in force immediately before the Commencement Date.
        (2) A Person who was authorised as a Key Individual by the DFSA under the Previous Regime is on the Commencement Date deemed to be authorised as a Key Individual by the DFSA under the Current Regime.
        Derived from RM118/2013 [VER15/07-13]
        [Amended] DFSA RM133/2014 (Made 21st August 2014). [VER16/06-14]

      • AMI 12.1.2 [Deleted]

        [Deleted] DFSA RM133/2014 (Made 21st August 2014). [VER16/06-14]

    • AMI 12.2 AMI 12.2 [Deleted]

      • AMI 12.2.1 [Deleted]

        [Deleted] DFSA RM133/2014 (Made 21st August 2014). [VER16/06-14]

    • AMI 12.3 AMI 12.3 Saving Rules

      • AMI 12.3.1

        (1) Save as provided in Rule 12.2.1, anything done or omitted to be done pursuant to or for the purposes of the Previous Regime is deemed to be done or omitted to be done pursuant to or for the purposes of the Current Regime.
        (2) Without prejudice to (1):
        (a) any right, privilege, remedy, obligation or liability accrued to or incurred by any Person; and
        (b) any investigation or legal or administrative proceeding commenced or to be commenced in respect of any right, privilege, remedy, obligation or liability,
        under the Previous Regime continues and is enforceable under the Current Regime.
        Derived from RM118/2013 [VER15/07-13]