Entire Section

  • COB 12.1.1

    The Rules in this chapter apply to an Authorised Firm when:

    (a) Operating an Employee Money Purchase Scheme; or
    (b) Acting as the Administrator of an Employee Money Purchase Scheme.
    Derived from DFSA RMI261/2019 (Made 18th December 2019). [VER35/01-20]

    • COB 12.1.1 Guidance

      1. The Rules in this Chapter apply to an Operator or Administrator of a Scheme regardless of whether the Scheme is established in the DIFC (a DIFC Scheme) or outside the DIFC (a Non-DIFC Scheme), unless otherwise provided. For example, the requirements in COB Rule 12.2.3 apply only in relation to a Non-DIFC Scheme.
      2. GEN Rule 2.2.10H prohibits an Authorised Firm from Operating or Acting as the Administrator of a Non-DIFC Scheme if the Scheme receives contributions from:
      a. a DIFC employer in respect of its employees under the Employment Law; or
      b. an employer in respect of its employees under another Dubai law.

       

      Derived from DFSA RMI302/2021 (Made 30th June 2021). [VER38/09-21]