[ B ] [ B ] [Bank—Business Rules]
Authorised Firmwhich holds a Licenceauthorising it to carry on the Financial Serviceof Accepting Deposits.
Banking Business [Deleted][Deleted] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]
Base Capital Requirement
Has the meaning given in PIB section 3.6.
Sharethat cannot be registered in the name of the holder and proof of ownership is possession of the Sharecertificate.[Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]
Has the meaning given in COB Rule 12.1.2.[Added]DFSA RM262/2019 (Made 18th December 2019). [VER46/01-20]
[Deleted][Deleted] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]
Takeovertransaction however effected, including a reverse Takeover, partial bid, and also a bid by a parent entity for Sharesin its subsidiary.[Added][VER5/09-05]
includes, but is not limited to, companies wherever incorporated and individuals wherever resident who or which make a
means a document issued by a
Biddercontaining information as stipulated under TKO(particularly Chapter 8) and posted in accordance with those Rules(particularly Chapter 11).[Added][VER5/09-05]
means the period from the time when an announcement is made of a proposed or possible
Bid(with or without terms) until the first closing date or, if this is later, the date when the Bidbecomes or is declared unconditional as to acceptances or lapses. An announcement that a holding, or aggregate holdings, of Sharescarrying 30% or more of the voting rights of a Reporting Entityis for sale or that the Governing Bodyof a Reporting Entityis seeking potential Bidderswill be treated as the announcement of a possible Bid.[Added][VER5/09-05]
In reference to the DFSA the
Governing Bodyof the DFSA, established under Chapter 2 of Part 2 of the Regulatory Law2004.
In reference to a corporation, the Board of Directors of the corporation
Any body corporate, including limited liability partnership and a body corporate constituted under the law of a country or territory outside of the
Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
A place of business within the
DIFC:(a) which has no separate legal personality;(b) forms a legally dependent part of a Regulated Financial Institutionwhose principal place of business and head office is in a jurisdiction other than the DIFC; and(c) which carries on Financial Servicesin or from the DIFCunder a DFSA Licence.
The written rules of an
Authorised Market Institutionwhich govern its activities as an Authorised Market Institution.[Added] DFSA RM19/2005 (as from 19th April 2005). [VER3/04-05]