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  • AMI 5.12.3 AMI 5.12.3

    An Authorised Market Institution must not refer to a facility it operates as an ‘investment token market’, ‘investment token clearing house’, ‘security token market’, ‘security token clearing house’, ‘derivative token market’, ‘derivative token clearing house’, or using any other similar term, unless it is a facility on which only Investment Tokens are traded or cleared.

    Derived from DFSA RMI310/2021 (Made 30th June 2021). [VER20/10-21]

    • AMI 5.12.3 Guidance

      1. An Authorised Market Institution should not refer to a facility where both Security Tokens and conventional Investments are traded and cleared using terms referred to in AMI Rule 5.12.3.
      2. An Authorised Market Institution that trades and/or clears both conventional Investments and Investment Tokens may refer to the facility that trades or clears Investment Tokens as an Investment Token, Security Token or Derivative Token market or clearing house, provided it is able to effectively maintain and demonstrate that there is a clear separation of Investment Token trading or clearing from conventional Investment trading or clearing.
      Derived from DFSA RMI310/2021 (Made 30th June 2021). [VER20/10-21]