Entire Section

  • [ A ] [ A ] [Accepting Deposits—Authorised Person]

    • Acceptable Collateral [Deleted]

      [Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Accepting Deposits

      Has the meaning given in GEN section 2.4.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Accounting Records

      Means records and underlying documents comprising initial and other accounting entries and associated supporting documents such as:

      (a) cheques;
      (b) records of electronic fund transfers;
      (c) invoices;
      (d) contracts;
      (e) the general and subsidiary ledgers, journal entries and other adjustments to the financial statements that are not reflected in journal entries; and
      (f) work sheets and spread sheets supporting cost allocations, computations, reconciliations and disclosures.
      [Added] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • Acting as the Administrator of an Employee Money Purchase Scheme

      Has the meaning given in GEN Rule 2.31.1.

      [Added]DFSA RM262/2019 (Made 18th December 2019). [VER46/01-20]

    • Actuary

      An individual who is a 'Fellow', or the holder of an equivalent qualification or rank, of a professional actuarial body that is a full member of the International Actuarial Association.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Adjusted Capital Resources

      Capital resources calculated in accordance with PIN Rule A3.2.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Adjusted Cellular Capital Resources

      Cellular capital resources calculated in accordance with PIN Rule A5.6.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Adjusted Fund Capital Resources

      Fund capital resources calculated in accordance with PIN Rule A7.2.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Adjusted Non-Cellular Capital Resources

      Non-cellular capital resources calculated in accordance with PIN Rule A5.2.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Administrator

      Means an Authorised Firm Acting as the Administrator of an Employee Money Purchase Scheme.

      [Added]DFSA RM262/2019 (Made 18th December 2019). [VER46/01-20]

    • Advising

      Advising on Credit or Advising on Financial Products.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      [Amended] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Advising on Financial Products

      Has the meaning given in GEN section 2.11.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Advisor

      In relation to a Fund, a Person who is retained by the Fund, its Eligible Custodian, a Person providing oversight or its Fund Manager under a commercial arrangement which is not a contract of service:

      (a) to supply any of them with the advice in relation to the Fund as to the merits of investment opportunities or information relevant to the making of judgments about the merits of investment opportunities; or
      (b) to exercise for any of the functions concerning the management of the Fund Property.
      [Added][VER8/04-06]
      [Amended] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
      [Amended] DFSA RM72/2010 (Made 11th July 2010) [VER23/07-10]

    • Affected Person [Deleted]

      [Deleted] RM162/2015 (Made 9th December 2015). [VER34/02-16]

    • Agent

      In relation to a Passported Fund, a Licensed Person appointed by the Fund Manager of the Fund to Promote the Units of that Fund.

      Derived from DFSA RM236/2019 (Made 20th February 2019). [VER43/02-19]

    • Alternative Trading System

      A trading system or facility of a type specified under GEN 2.22.1.

      [Added][VER4/08-05]

    • Annual Audited Expenditure [Deleted]

      [Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Annual Information Return

      A return prepared by a Registered Auditor for submission to the DFSA in accordance with AUD Rule 4.8.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Annual Regulatory Return

      An annual regulatory return of the type specified in PIN Rule A10.3.1.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Anti Money Laundering Suspicious Cases Unit (AMLSCU) [Deleted]

      [Deleted] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Approved Asset

      (1) A certificate of deposit with a maximum term to maturity of six months issued by and held with an Eligible Bank;
      (2) a term deposit with an Eligible Bank with a remaining term to maturity of one year or less;
      (3) a negotiable debt instrument, with a remaining term to maturity of five years or less, where the instrument, or issuer thereof, is Rated at least AA- by Standard & Poor's, or the equivalent by another Rating Agency;
      (4) a repurchase agreement which is fully collateralised with negotiable debt instruments meeting the rating criterion in (3), and where the credit rating of the counterparty also meets the criteria; or
      (5) a bond fund meeting the rating criterion in (3) and where the designated bank account for redeemed investment is the an Insurance Bank Account held by the Authorised Firm in accordance with the requirement of COB section 14.3.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Approved Stock Exchange

      A stock exchange designated as approved by a written notice from the DFSA, subject to any conditions that the DFSA may specify in that notice.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Arranging Custody

      Has the meaning given in GEN section 2.14.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Arranging Deals in Investments

      Has the meaning given in GEN section 2.9.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM187/2016 (Made 7th December 2016). [VER37/02-17]

    • Arranging or Advising on Money Services

      Has the meaning given in GEN Rule 2.32.1

      Derived from DFSA RMI269/2020 (Made 26th February 2020). [VER47/04-20]

    • Associate

      (1) In Chapters 7 and 11 of GEN and Chapter 8 of AMI means, in respect of a Person 'A' holding Shares or entitled to exercise, or control the exercise of voting power, in an Authorised Firm or a Holding Company of an Authorised Firm:
      (a) the spouse of A;
      (b) a child or stepchild of A;
      (c) the trustee of any settlement, including any disposition or arrangement under which property is held on trust or subject to a comparable obligation, under which A has a life interest in possession;
      (d) an Undertaking of which A is a director;
      (e) a Person who is an Employee or partner of A;
      (f) where A is an Undertaking:
      (i) a director of A;
      (ii) a subsidiary or wholly owned subsidiary of A; or
      (iii) a director or Employee of such a subsidiary or wholly owned subsidiary; or
      (g) a Person who has an agreement or arrangement with A with respect to the acquisition, holding or disposal of Shares or other interests in the Authorised Firm or the Holding Company of an Authorised Firm or under which they undertake to act together in exercising their voting power in relation to an Authorised Firm or the Holding Company of an Authorised Firm or that other Person.
      (2) Except in Chapters 7 and 11 of GEN and Chapter 8 of AMI means in respect of a Person 'A', any Person, including an affiliated company which is:
      (a) an undertaking in the same Group as A; or
      (b) any other person whose business or domestic relationship with A or his Associate might reasonably be expected to give rise to a community of interest between them which may involve a conflict of interest in dealings with third parties.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]
      [Amended] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]
      [Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]

    • ATS

      An Alternative Trading System.

      [Added][VER4/08-05]

    • ATS Operator

      An Authorised Firm carrying on the Financial Service of Operating an Alternative Trading System for which it has authorisation under its Licence.

      [Added][VER4/08-05]

    • ATS Traded Fund

      A Collective Investment Fund, the Units of which are Security Tokens that are admitted to trading on an Alternative Trading System, but are not admitted to trading on an Authorised Market Institution or a Regulated Exchange.

       

      Derived from DFSA RMI316/2021 (Made 30th June 2021). [VER53/10-21]

    • AUD

      The Auditor module of the Rulebook.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Auditor

      Has the meaning given in Article 97 of the Regulatory Law 2004.

      [Added] [VER11/11-06]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Audit Principal

      Has the meaning given in Article 97 of the Regulatory Law 2004.

      [Added][VER11/11-06]
      [Amended] DFSA RM91/2012 (Made 14th June 2012). [VER26/06-12]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Audit Services

      Has the meaning given in Article 97 of the Regulatory Law 2004.

      [Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Authorised Firm

      A Person, other than an Authorised Market Institution, who holds a Licence.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Authorised ISPV

      An ISPV which holds a Licence to carry on either or both of the following Financial Services:

      (a) Effect Contracts of Insurance; or
      (b) Carry Out Contracts of Insurance

      [Added] DFSA RM48/2007 (Made 1st October 2007). [VER16/10-07]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]

    • Authorised Individual

      An individual who has been authorised by the DFSA to perform one or more Licensed Functions for an Authorised Firm.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]

    • Authorised Market Institution

      A Person who is Licensed by the DFSA in relation to the carrying on either or both of the Financial Services prescribed in GEN Rule 2.17.1 and GEN 2.18.1.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Authorised Participant

      In relation to an ETF, a market maker appointed by the Fund Manager of the ETF for the purposes referred to in CIR Rule 3.1.12 or IFR Rule 6.13.1.

      Derived from DFSA RM221/2018 (Made 22nd February 2018). [VER42/12-18]

    • Authorised Person

      An Authorised Firm or an Authorised Market Institution.

      [Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]