Entire Section

  • DIFC Laws Amendment Law DIFC Law No. 2 of 2021

    Click here to view the Amendment Law in PDF format.

    Click here to view the Enactment Notice in PDF format.

    • Enactment Notice

      In respect of the Markets Law Amendment Law No. 2
      DIFC Law No. 2 of 2021

      I, Mohammed bin Rashid Al Maktoum, Ruler of Dubai hereby enact
      on this 3rd day of March 2021

      Markets Law Amendment Law
      DIFC Law No. 2 of 2021

      in the form now attached.

      This Law shall come into force on the 28th business day after enactment
      (not counting the day of enactment for this purpose)

      Mohammed bin Rashid Al Maktoum

      Ruler of Dubai

    • Part 1: General

      • 1. Title

        This Law may be cited as the “Markets Law Amendment Law 2021”.

      • 2. Legislative Authority

        This Law is made by the Ruler of Dubai.

      • 3. Date of enactment

        This Law is enacted on the date specified in the Enactment Notice for this Law.

      • 4. Commencement

        This Law comes into force on the date specified in the Enactment Notice for this Law.

    • Part 2: Amendments to the Markets Law 2012

      • 5.

        The Markets Law 2012 is amended as prescribed in this Law.

      • 6.

        Article 59 (Providing inside information) is deleted and replaced with the following:

        59. Providing inside information
        (1) An insider shall not, in the DIFC or elsewhere, otherwise than in the proper course of the exercise of his employment, profession or duties, disclose inside information to another person.
        (2) An insider shall not, in the DIFC or elsewhere, procure another person to deal in the Investments or related investments in which the insider has inside information.
        (3) In this Article:
        “procure” includes where a person induces or encourages another person by direct or indirect means.”