Back Custom print Link Text Only Rich Text Print

Entire Section

  • PRS 6.2.1 PRS 6.2.1

    (1) Subject to (2), a Person who conducts Price Stabilisation of dual-listed Eligible Securities in the DIFC must comply with PRS.
    (2) A Person who conducts Price Stabilisation in the DIFC of dual-listed Eligible Securities may, where the non-DIFC jurisdiction is a Recognised Jurisdiction and where the prior consent of the DFSA has been obtained, conduct such Price Stabilisation in accordance with the law of that Recognised Jurisdiction.
    (3) The DFSA may give its consent to the conduct of a Price Stabilisation referred to in (2) if it is satisfied that the jurisdiction is a Recognised Jurisdiction and that the Price Stabilisation will be carried out in accordance with the law of that Recognised Jurisdiction.
    (4) The DFSA may refuse to give its consent if it is not satisfied as to the matters referred to in (3).
    (5) The DFSA may attach conditions to the consent under this Rule.
    (6) The procedures in Schedule 3 to the Regulatory Law apply to a decision of the DFSA under (4) to refuse to give its consent or under (5) to attach conditions to the consent.
    (7) If the DFSA decides to exercise its power under (4) to refuse to give its consent or under (5) to attach conditions to the consent, the Person may refer the matter to the FMT for review.

    Derived from DFSA RM21/2005 (Made 1st August 2005). [VER1/08-05]
    [Amended] DFSA RM70/2010 (Made 11th July 2010). [VER3/07-10]
    [Amended] DFSA RM138/2014 (Made 21st August 2014). [VER5/06-14]

    • PRS 6.2.1 Guidance

      This Rule allows a Person who is acting as a Stabilisation Manager in respect of a dual-listing of Eligible Securities to rely on this chapter or on the laws of Recognised Jurisdiction to conduct those activities. The Rule is designed to provide Stabilisation Managers with some limited flexibility in respect of their activities in the DIFC, so long as those activities are adequately regulated.


      Derived from DFSA RM21/2005 (Made 1st August 2005). [VER1/08-05]
      [Amended] DFSA RM70/2010 (Made 11th July 2010). [VER3/07-10]