PRS 6.2.1 PRS 6.2.1(1) Subject to (2), a
Personwho conducts Price Stabilisationof dual-listed Eligible Securitiesin the DIFCmust comply with PRS.(2) A Personwho conducts Price Stabilisationin the DIFC of dual-listed Eligible Securitiesmay, where the non- DIFCjurisdiction is a Recognised Jurisdictionand where the prior consent of the DFSAhas been obtained, conduct such Price Stabilisationin accordance with the law of that Recognised Jurisdiction.(3) The DFSAmay give its consent to the conduct of a Price Stabilisationreferred to in (2) if it is satisfied that the jurisdiction is a Recognised Jurisdictionand that the Price Stabilisationwill be carried out in accordance with the law of that Recognised Jurisdiction.(4) The DFSAmay refuse to give its consent if it is not satisfied as to the matters referred to in (3).(5) The DFSAmay attach conditions to the consent under this Rule.(6) The procedures in Schedule 3 to the Regulatory Law apply to a decision of the DFSAunder (4) to refuse to give its consent or under (5) to attach conditions to the consent.(7) If the DFSAdecides 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 FMTfor review.
PRS 6.2.1 Guidance
Ruleallows a Personwho is acting as a Stabilisation Managerin respect of a dual-listing of Eligible Securitiesto rely on this chapter or on the laws of Recognised Jurisdictionto conduct those activities. The Ruleis designed to provide Stabilisation Managerswith some limited flexibility in respect of their activities in the DIFC, so long as those activities are adequately regulated.