[ D ] [ D ] [Dealing in Investments as Agent—Dubai Law]
Deal in a Restricted Speculative Investment
Has the meaning given in COB Rule 6.16.2.Derived from DFSA RMI298/2021 (Made 21st April 2021). [VER52/09-21]
Dealing in Investments as Agent
Has the meaning given in GEN section 2.8.
Dealing in Investments as Principal
Has the meaning given in GEN section 2.7.
Has the meaning given in GEN Rule A2.2.1(b).
Decision Maker [Deleted][Deleted] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]
a written notice given by the
DFSAto a Personpursuant to paragraph 5 of Schedule 3 to the Regulatory Law 2004.[Added] DFSA RM143/2014 (Made 21st August 2014). [VER31/06-14]
Rules of an
Authorised Market Institutionthat set out procedures dealing with circumstances where a Memberor other participant on its facilities is unable to meet its obligations in respect of one or more contracts.[Added] DFSA RM173/2016 (Made 10th February 2016). [VER35/04-16]
An agreement in writing entered into by a
Fund Manageror Trusteewith a Service Providerin relation to delegated activities, which fulfils the criteria in CIR App 1.
Delivery Versus Payment Transaction
A transaction in which the transfer of
Investmentsand the payment of Moneybetween the buyer and seller are intended to occur around the same time.
Delta [Deleted][Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]
Has the meaning given in GEN section A1.1.
Has the meaning given in GEN Rule A2.1.3.
Foreign Fundwhich has been designated by the DFSAunder Article 55 of the Collective Investment Law 2010 or, pursuant to Article 1(b) of that law, under Article 20 of the Collective Investment Law 2006.[Added][VER8/04-06]
Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]
Designated Investments [Deleted][Deleted] DFSA RM62/2008 (Made 4th January 2009). [VER20/01-09]
Designated Non-Financial Business or Profession (DNFBP)
Means:(1) The following class of
Personswhose business or profession is carried on in or from the DIFC:(a) a real estate developer or agency which carries out transactions with a customer involving the buying or selling of real property;(b) a dealer in precious metals or precious stones;[deleted](d) a law firm, notary firm, or other independent legal business;(e) an accounting firm, audit firm or insolvency firm;(f) a company service provider; or(g) a Single Family Office.(2) A Personwho is an Authorised Personor an Auditoris not a DNFBP.
The Dubai Financial Services Authority.
The Dubai International Financial Centre.
DIFC Business Return
The return described in PIN Rule A10.2.6.
DIFC Business Risk Capital Requirement
The capital requirement calculated in accordance with PIN section A9.2.
DIFC Incorporated Insurer
Insurerthat is a Body Corporateincorporated under the Companies Law.
DIFC Registrar of Companies
The registrar of companies appointed pursuant to the Companies Law.
Means an Employee Money Purchase Scheme that is established in the DIFC.Derived from DFSA RMI303/2021 (Made 30th June 2021). [VER52/09-21]
The Board of Directors of the DIFC Authority.Derived from DFSA RMI303/2021 (Made 30th June 2021). [VER52/09-21]
Direct Electronic Access
Has the meaning given in AMI Rule 5.7.3(3).[Added] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]
Direct Long-Term Insurance
Long-Term Insurancethat is not reinsurance[Added] DFSA RM46/2007 (Made 5th July 2007). [VER15/07-07]
Direct Long-Term Insurance Business
The business of
Effecting Contracts of Insuranceor Carrying Out Contracts of Insurance, where the Contracts of Insuranceare contracts of Direct Long-Term Insurance[Added] DFSA RM46/2007 (Made 5th July 2007). [VER15/07-07]
Director(1) In relation to an undertaking established under the
DIFCCompanies Law, a Personwho appears on the Register of Directors maintained by the DIFC Registrar of Companies; and(2) In relation to all other undertakings, a Personwho has been admitted to a register which has a corresponding meaning to the Register of Directors or performs the function of acting in the capacity of a Director, by whatever name called.
Discretionary Portfolio Management Account
An account used by an
Authorised Firmto manage the investment portfolio of a Clienton a discretionary basis under the terms of a Discretionary Portfolio Management Agreement.[Added] RM162/2015 (Made 9th December 2015). [VER34/02-16]
Discretionary Portfolio Management Agreement
An agreement under which an
Authorised Firmagrees with a Clientto manage an investment portfolio for that particular Clientin accordance with pre-agreed investment parameters in that agreement and where:(a) the Client'sapproval of any specific Transactionis not required before undertaking the Transaction; and(b) the assets of the Clientare discretely held for that Clientand no pooling of those assets occurs with the assets of any other Person, except purely for transactional purposes.[Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
Displaced Commercial Risk Capital Requirement (PSIACOM)
The requirement calculated in accordance with chapter 5 of the IFR Module.
A distribution event is:(a) the appointment of a liquidator, receiver or administrator, or trustee in bankruptcy, over the
Authorised Firmor its Nominee Company;(b) the appointment of a liquidator, receiver or administrator, or trustee in bankruptcy, over a Third Party Agentof the Authorised Firmor its Nominee Company; or(c) the coming into force of a direction by the DFSAin respect of all Client Assetsheld by the Authorised Firm.
Authorised Personor DNFBP which:(a) has its registered and head office in the DIFC; or(b) if it is a subsidiary of an Undertakingwhose principal place of business and head office is in a jurisdiction other than the DIFC, has its registered office in the DIFC.
Fundestablished or domiciled in the DIFC.
(2) In FPR, has the meaning given in section 1.3 of those
[Amended] DFSA RM236/2019 (Made 20th February 2019). [VER43/02-19]
Designated Non-Financial Business or ProfessionAdded by DFSA RM78/2011 [VER25/06-11]
Law made by the Ruler, as applicable in the Emirate of Dubai.
Duration Method [Deleted][Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]