Entire Section

  • DIFC Laws Amendment Law DIFC Law No. 3 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 Investment Trust Law Amendment Law No. 3
      DIFC Law No. 3 of 2021

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

      Investment Trust Law Amendment Law
      DIFC Law No. 3 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 “Investment Trust 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 Investment Trust Law 2006

      • 5.

        The Investment Trust Law 2006 is amended as prescribed in this Law.

      • 6.

        Article 7 (Application of other Laws) is deleted and replaced with the following:

        “7. Application of other Laws
        (1) Subject to (2), if any provisions of this Law conflict with the provisions of any other law, the provisions of this Law prevail, unless otherwise provided.
        (2) The provisions of the Collective Investment Law 2010 prevail over the provisions of this Law, unless otherwise provided either in this Law or in the Collective Investment Law 2010.
        (3) The Trust Law 2018 does not apply to a person in respect of an express trust created under this Law.”