Entire Section
2006
W 01/06 COB — Julius Baer
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MODIFICATION NOTICE
To Julius Baer Address Julius Baer (Middle East) Limited
Level 5, Emirates Towers
PO Box 504925
Dubai
United Arab EmiratesDFSA Firm Reference No. F000001 Notice No. W 01/06 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 16th January 2006 and expires on 16th January 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is COB/VER1/261/09-04.
Rule Modified Text COB 3.2.2. 1) A Client is a Person who the Authorised Firm has determined, prior to the establishment of a relationship, is:(a) an individual who:(i) has at least $1 million in liquid assets and, if such assets are not held with the Authorised Firm, has provided the Authorised Firm with written confirmationof this factthat he has such assets or his approved entity has provided such confirmation to the Authorised Firm;(ii) ………………………………(2) ………………………………(3) For the purposes of (1) (a)(i), an “approved entity” means:(a) a Regulated Financial Institution in a Zone 1 country;(b) a Bank regulated by the Central Bank of the UAE;(c) an Authorised Firm;(d) an Ancillary Services Provider Providing Accountancy Services;(e) a DFSA registered auditor; or(f) an auditor entitled to practice that profession in a Zone 1 country.CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 of as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
Name : Jane Coakley Position : Managing Director — Authorisation Date : 16th January 2006 W 02/06 GEN — Franklin Templeton Investment Management Limited
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MODIFICATION NOTICE
To Franklin Templeton Investment Management Limited Address Franklin Templeton Investment Management Limited
Level 5, 640-B, Al Ghurair City Office Towers
PO Box 55311
Dubai
United Arab EmiratesDFSA Firm Reference No. F000004 Notice No. W 02/06 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 26 January 2006 and remains in effect for three years from the day it comes into effect or until the date on which any rule specified herein is amended, whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER6/12-05.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with the International Financial Reporting Standards (IFRS) unless (2) or (3) applies or in accordance with generally accepted accounting principles of the United Kingdom. GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken or in accordance with legal and regulatory requirements under UK law and auditing standards issued by its Auditing Practices Board.[…](c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or AAOIFI in respect of Islamic Financial Business or in accordance with legal and regulatory requirements under UK law and auditing standards issued by its Auditing Practices Board.(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB and to AAOIFI auditing standards in respect of Islamic Financial Business or to the UK law and auditing standards issued by its Auditing Practices Board.CONDITIONS
Valid for three years from the day it comes into force.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by: Name : Jane Coakley Position : Managing Director — Authorisation Date : 26 January 2006 W 03/06 COB — Julius Baer
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MODIFICATION NOTICE
To Julius Baer Address Julius Baer (Middle East) Limited
Level 5, Emirates Towers
PO Box 504925
Dubai
United Arab EmiratesDFSA Firm Reference No. 10001 Notice No. W003/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 26 January 2006 and remains in effect until further notice or the date on which any rule specified herein is amended, whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is [COB/VER2/08-05].
Rule Modified Text COB APP 3.1.1 (1) For the purpose of Rule 8.2.1, an Authorised Firm must include the following general information:(g)if applicable, a statement that the Transaction was Executed on an execution only or other basis, as the case may be;(h) the dateand time of the Transaction(i) …………………………………………(j) …………………………………………(k) ………………………………………..(l)for Collective Investment Funds, at statement that the price at which the Transaction has been Executed is on a Historic Price or Forward Price basis, as the case may be.(2)………………………………………………………(3) At the request of the client, an Authorised Firm will provide separately the following general information:(a) a statement that the Transaction was executed on an Execution only basis or other basis;(b) the time of the transaction; and(c) for Collective Investment Funds, a statement that the price at which the Transaction has been executed is on Historic Price or Forward Price basis, as the case may be.CONDITIONS
The waiver shall remain valid subject to the condition that no substantial changes are made to Clause 1.8 “Contract Notes” of Julius Baer (ME) Ltd Additional Terms and Conditions relating to a DIFC Account.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 26 January 2006 W 04/06 OSR — Ports, Customs and Free Zone Corporation (PCFC)
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MODIFICATION NOTICE
To Ports, Customs and Free Zone Corporation (PCFC) Address Emirates Towers
Level 47
PO Box 17000
Dubai, UAEDFSA Firm Reference No. F000214 Notice No. W004/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 26 January 2006 and remains in effect until further notice subject to the condition specified below or the date on which any rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in the table below.
The version of Rules to which this notice relates is
Module Version Rule Offered Securities Rules
(OSR/VER3/09-05)OSR rule 8.4.3 CONDITIONS
OSR Rule 8.4.3 has been waived on the condition that Mr Hamed Kazim continues to be employed by PCFC and ensures that PCFC complies with any applicable provisions in the Markets Law 2004 and the Offered Securities Rules.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by: Name : David Knott Position : Chief Executive Date : 26 January 2006 W 09/06 OSR — Mashreqbank psc
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WAIVER NOTICE
To Mashreqbank psc Address PO Box 1250, Deira, Dubai, United Arab Emirates DFSA Firm Reference No. F000218 Notice No. W009/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 1 February 2006 and remains in effect until further notice or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule Offered Securities Rules version 3/09-05 OSR Rule 8.4.3 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that:
(a) NilINTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 1 February 2006 W 14/06 OSR — Kingdom Hotel Investments
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MODIFICATION NOTICE
To Kingdom Hotel Investments Address c/o Dewey Ballantine
One London Wall
London EC2Y 5EZ
England
UKDFSA Firm Reference No. F000220 Notice No. W014/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28 February 2006 and expires on 31 December 2006 or the date on which any rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is OSR/VER3/09-05
Rule Modified Text
Appendix 2.1.16Interim financial statements(a) A Reporting Entity must publish a semi-annual financial statement for the first six months of each financial year or period; and(b) If the figures have either been audited or reviewed by the auditors, comments to this effect should be included.Without delay and in any event no later than6090 days of the end of the period to which the statement relates.CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
(a) None.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by: Name : Jane Coakley Position : Managing Director, Authorisation Date : 7 February 2006 W 15/06 OSR — Man Industries (India) Limited
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WAIVER NOTICE
To Man Industries (India) Limited Address Man House 102 SV Road
Ville Parle (W), Mumbai 400 506, IndiaDFSA Firm Reference No. F000225 Notice No. W015/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date that the securities of Man Industries (India) Limited has been admitted to the Official List of Securities as confirmed by the Dubai International Financial Exchange and remains in effect until further notice subject to the conditions specified below or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule Offered Securities Rules version 3/09-05 OSR Rule 8.4.3 CONDITIONS
The waiver in respect of the Rule specified above remains in effect on condition that Mr Anil Cherian continues to be employed by Man Industries (India) Limited in his capacity as Company Secretary.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 16th February 2006 W 16/06 ASP — Bin Shabib & Associates (BSA) Limited Liability Partnership
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WAIVER NOTICE
To Bin Shabib & Associates (BSA) Limited Liability Partnership Address 19th Floor, Dubai World Trade Centre, PO Box 262, Dubai — UAE DFSA Firm Reference No. F000148 Notice No. W 016/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 8 March 2006 and expires on 7 December 2006 or the date on which any Rule specified herein is amended or the date at which the firm is in compliance with the Rule specified herein, which ever is the earlier.
RULES MODIFIED
The Rules specified in the table herein do not apply to the above mentioned Person.
Module Version Rule ASP/VER/1/09-04 ASP 10.2.1 CONDITIONS
The waivers in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that Bin Shabib & Associates (BSA) Limited Liability Partnership maintain professional indemnity insurance appropriate to the nature and size of the firm’s business.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Officer Date : 8 March 2006 W 17/06 PIB — Lloyds TSB Offshore Limited
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WAIVER NOTICE
To Lloyds TSB Offshore Limited Address PO Box 160, 25 New Street, St. Helier, Jersey, JE4 8RG DFSA Firm Reference No. F000192 Notice No. W017/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 5th March 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule PIB/VER2/08-05 PIB rule 1.2.1 PIB/VER2/08-05 PIB 2.1.1toPIB 2.10.4(inclusive) CONDITIONS
The waivers and modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
(a) On a quarterly basis, Lloyds TSB Offshore Limited will submit to the DFSA a copy of the regulatory returns provided to their lead regulator, the Jersey Financial Services Commission.(b) On an annual basis, Lloyds TSB Offshore Limited will submit to the DFSA one set of completed prudential returns, as prepared by PricewaterhouseCoopers CI LLP or PricewaterhouseCoopers, as appropriate, the Company's auditors in each jurisdiction.(c) On an annual basis, Lloyds TSB Offshore Limited will submit its audited Annual Report and Accounts to the DFSA, as well as to the Jersey Financial Services Commission.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Joyce C. Maykut QC Position : General Counsel Date : 5th March 2006 W 18/06 REC — Morgan Stanley & Co. International Limited
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WAIVER NOTICE
To Morgan Stanley & Co. International Limited Address Level 5, West Wing, The Gate, DIFC
Dubai, United Arab EmiratesDFSA Firm Reference No. F000168 Notice No. W018/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 23rd February 2006, until further notice, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule REC/VER2/08-05 REC 7.2.2 (a) An applicant for Recognition must not be an Authorised Firm or an applicant to be an Authorised Firm CONDITIONS
All deals to be executed from the London office (principal place of business).
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 23rd February 2006 W 19/06 PIB — Morgan Stanley & Co. International Limited
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WAIVER NOTICE
To Morgan Stanley & Co. International Limited Address Level 5, West Wing, The Gate, DIFC
Dubai, United Arab EmiratesDFSA Firm Reference No. F000168 Notice No. W019/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 23rd February 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule PIB/VER2/08-05 PIB Rule 1.2.1 PIB/VER2/08-05 Rules PIB 1.4.1 to PIB 1.4.3 (inclusive) PIB/VER2/08-05 Rules PIB 2.1.1 to PIB 2.10.4 (inclusive) CONDITIONS
The waivers in respect of the Rules specified above remains in effect for the duration of the period set out above on condition that:
(a) Morgan Stanley & Co. International Limited submits to the DFSA a copy of their Financial Services Authority (FSA) Section D Capital Adequacy Summary every quarter — to be submitted to the DFSA within one month of the due date to the FSA.(b) On an annual basis, Morgan Stanley & Co. International Limited submits to the DFSA its audited Annual Accounts and Review, within one month of being signed off.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 23rd February 2006 W 20/06 AUT — Morgan Stanley & Co. International Limited
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MODIFICATION NOTICE
To Morgan Stanley & Co. International Limited Address Level 5, West Wing, The Gate, DIFC Dubai, United Arab Emirates DFSA Firm Reference No. F000168 Notice No. W020/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 23rd February 2006 and remains in effect until 23rd August 2006, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER2/08-05.
Rule Modified Text AUT 10.3.2 The Authorised Individuals referred to in AUT rule 10.3.1(a) , (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name David Knott Position Chief Executive Date 23rd February 2006 W 21/06 COB — Credit Suisse
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MODIFICATION NOTICE
To Credit Suisse Address The Gate Building, 9th Floor East, DIFC, PO Box 33660, Dubai – UAE DFSA Firm Reference No. 10011 Notice No. W 021/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 23 February 2006 and expires on 22 February 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is COB/VER1/261/09-04.
Rule Modified Text COB A3.1.1 (1) For the purposes of COB Rule 8.2.1, an Authorised Firm must include the following general information:(a) …………………………………………………………………..
…………………………………………………………………..(g)if applicable, a statement that information about whether the Transaction was Executed on an execution only or other basis, will be supplied on request;(h) the dateand timeof the Transaction and a statement that information about the time of the Transaction will be supplied on request;(i) …………………………………………………………………..
…………………………………………………………………..(l) for Collective Investment Funds,ata statement that the price at which the Transaction has been Executed whether on a Historic Price or Forward Price basis, will be supplied on request.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 22 February 2006 W 22/06 REC — ABN AMRO Bank NV
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WAIVER NOTICE
To ABN AMRO Bank NV Address Gustav Mahlerlaan 10,
Amsterdam,
NetherlandsDFSA Firm Reference No. F000071 Notice No. W022/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 26th March 2006, until further notice, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule REC/VER2/08-05 REC 7.2.2 (a) An applicant for Recognition must not be an Authorised Firm or an applicant to be an Authorised Firm CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 26th March 2006 W 24/06 PIB — Argent Financial Group International LLP
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WAIVER NOTICE
To Argent Financial Group International LLP Address Dubai International Financial Centre
Building #3, 3rd Floor P.O Box 75632
Dubai, United Arab EmiratesDFSA Firm Reference No. F000116 Notice No. W24/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 20th March 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule PIB/VER2/08-05 PIB Rule 1.2.1, 1.4, (Financial Resources & The Trading Book) PIB/VER2/08-05 PIB Chapter 2 (all sections) (Capital) PIB/VER2/08-05 PIB Chapter 4, Sections 4.3 to 4.10 (Credit Risk) PIB/VER2/08-05 PIB Chapter 5, Section 5.6 (Market Risk) PIB/VER2/08-05 PIB Chapter 7, Section 7.3 and 7.4 (Group Risk) CONDITIONS
The waivers in respect of the Rules specified above remain in effect for the duration of that period set out above on condition that Argent Financial Group International LLP submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to the FSA within ten business days after the due date for submission to the FSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 20th March 2006 W 27/06 PRS — Deutsche Bank AG
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MODIFICATION NOTICE
To Deutsche Bank AG Address Deutsche Bank AG London, Winchester House, 1 Great Winchester Street,
London, EC2N 2DB, UKDFSA Firm Reference No. F000045 Notice No. W027/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28 February 2006 and expires on the date on which the stabilisation programme in respect of ordinary shares issued by Kingdom Hotel Investments listed on the Dubai International Financial Exchange Limited ends.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is PRS/VER1/08-05
Rule Modified Text
Rule 1.4.11.4 Price Stabilisation activity1.4.1(1) For an activity to constitute Price Stabilisation it must be an activity of a type described in chapter 2 conducted within the period covered by the Stabilisation Window by a Person specified in (4) in accordance with PRS, which might reasonably have, or is intended to have, the effect of stabilising the price of the Shares or Debentures referred to in (2).(2) The Shares and Debentures referred to in (1) are Shares or Debentures:(a) which are publicly Offeredin or from the DIFCfor the first timeby way of an Prospectus Offer, that is, Shares or Debentures which are the subject of an initial public offer or of an additional public offer of further Shares or Debentures to rank alongside those al in issue;(b) in respect of which the total cost of the Shares or Debentures subject to the Offer at the Offer Price is at least $10,000,000; and(c) which have been admitted to trading, or are the subject of an application for admission to trading, on an Authorised Market Institution.(3) The period covered by the Stabilisation Window is the period beginning on the date on which the Offer Price is made public and ending on the earlier of:(a) the 30th calendar day after the closing date of acceptances for the Offer; or(b) the 60th calendar day after the date of allotment on which amounts of the Share are allotted to subscribers, including the date of initial allotments.(4) The Person conducting the activities mentioned in (1) must be the Stabilisation Manager or any of his Stabilisation Agents.
Rule 6.1.16.1 Application6.1.1(1) This chapter applies to a Person who, during the period covered by the Stabilisation Window, engages in any activity, in relation to a dual-listed Share or Debenture, which has been admitted to trading, or which is the subject of an application for admission to trading, on an Authorised Market Insitution in the DIFC and on an exchange located outside the DIFC, where that activity might reasonably have, or be intended to have, the effect of stabilising the price of the Share or Debenture.(2) The Shares and Debentures referred to in (1) are Shares or Debentures:(a) which are publicly Offeredin or from the DIFCfor the first timeby way of an Prospectus Offer, that is, Shares or Debentures which are the subject of an initial public offer or of an additional public offer of further Shares or Debentures to rank alongside those al in issue; and(b) in respect of which the total cost of the Shares or Debentures subject to the Offer at the Offer Price is at least $10,000,000.(3) For the purposes of (1), a "dual listed Share or Debenture" includes a Share and a Certificate over that Share or Debenture which is the subject of an application to have the Share and a Certificate over that Share or Debenture admitted to an Official List of Securities or its equivalent in another jurisdiction.
Rule 6.2.16.2 Price Stabilisation in the DIFC: listing on Exchanges in Recognised Jurisdictions6.2.1(1) Where the dual listing of the Shares or Debentures referred to in 6.1.1, is on an Authorised Market Institution in the DIFC and on an exchange in a Recognised Jurisdiction, and is in place at or near the same time, then (2) applies with respect to any Price Stabilisation activity conducted or to be conducted by a Person on an Exchange in the DIFC.(2) In relation to any such Price Stabilisation activitiesthe Person must comply with either PRS or, subject to (3), the law of that Recognised Jurisdiction:(a) the Person must comply with PRS; or,(b) subject to (3), the law of that Recognised Jurisdiction shall apply in the DIFC as if it was a Rule of the DFSA.(3) If, in accordance with (2), a Person intends to comply with the law of a Recognised Jurisdiction instead of the PRS then such a Person must obtain the prior written consent of the DFSA. The DFSA may attach conditions to any such approval.CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
(a) None.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 28 February 2006 W 28/06 PIB — IXIS Asset Management UK Limited
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WAIVER NOTICE
To IXIS Asset Management UK Limited Address P.O. Box 118257, Dubai — UAE DFSA Firm Reference No. F000234 Notice No. W028/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 27 March 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule PIB/VER4/01-06 PIB Rule 1.2.1 PIB/VER4/01-06 PIB Rules 1.4.1 to 1.4.3 (inclusive) PIB/VER4/01-06 PIB Rules 2.1.1 to 2.10.4 (inclusive) CONDITIONS
The waivers in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that IXIS Asset Management UK Limited submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Financial Services Authority (FSA), within ten business days of the due date for submission to the FSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 27 March 2006 W 29/06 PIB — DBS Bank Ltd.
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WAIVER NOTICE
To DBS Bank Ltd. Address Dubai International Financial Centre
The Gate, 12th Floor Business Centre
Office # 20, PO Box 121208
Dubai, United Arab EmiratesDFSA Firm Reference No. F000164 Notice No. W 29/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 29th March 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule PIB/VER2/08-05 PIB Chapter 1, PIB Section 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER2/08-05 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that DBS Bank Limited submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to MAS, within ten business days of the due date for submission to MAS.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 29th March 2006 W 33/06 GEN — Kotak Mahindra (UK) Limited
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MODIFICATION NOTICE
To Kotak Mahindra (UK) Limited Address The Fairmont Hotel, Office No 515, P.O. Box 16498, Dubai, UAE DFSA Firm Reference No. F000049 Notice No. W033/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 11 April 2006 and remains in effect for three years from the day it comes into effect or until the date on which any rule specified herein is amended, whichever is earlier.
RULES MODIFIED
The Rule listed in the left hand column of the table below is modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER6/12-05.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with the International Financial Reporting Standards (IFRS) unless (2) or (3) applies or in accordance with generally accepted accounting principles of the United Kingdom. GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person's accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken or in accordance with legal and regulatory requirements under UK law and auditing standards issued by the UK Auditing Practices Board.
[...]
(c) produce an Author's Annual Report which states whether:
(i) the auditor has audited the Authorised Person's annual financial statements in accordance with the IAASB or AAOIFI in respect of Islamic Financial Business or in accordance with legal and regulatory requirements under UK law and auditing standards issued by the UK Auditing Practices Board.
(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB and to AAOIFI auditing standards in respect of Islamic Financial Business or to the UK law and auditing standards issued by the UK Auditing Practices Board.CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 18 April 2006 W 34/06 COB — Kotak Mahindra (UK) Limited
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WAIVER NOTICE
To Kotak Mahindra (UK) Limited Address The Fairmont Dubai, Office No:515, PO Box: 16498, Dubai, UAE DFSA Firm Reference No. F000049 Notice No. W034 / 2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 06 April 2006 W 35/06 COB — Julius Baer (Middle East) Ltd
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WAIVER NOTICE
To Julius Baer (Middle East) Ltd Address Level 5, Emirates Towers Offices, P O Box 504925, Dubai, UAE DFSA Firm Reference No. F000001 Notice No. W35/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 36/06 COB — DBS Bank Limited
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WAIVER NOTICE
To DBS Bank Limited Address Office 20, 12th Floor, Business Centre, PO Box: 21208,
The Gate, DIFC, Dubai, UAEDFSA Firm Reference No. F000164 Notice No. W036 / 2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 37/06 COB — Mellon Global Investments Ltd
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WAIVER NOTICE
To Mellon Global Investments Ltd Address Level 42, Emirates Tower, Dubai, UAE DFSA Firm Reference No. F000007 Notice No. W37/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 6.9.1 to 6.9.7 inclusive. CONDITIONS
None
INTEPRETATION
The provisions in this notice are to be construed in accordance with section 6.2 of GEN as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 38/06 COB — Argent Financial Group International LLP
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WAIVER NOTICE
To Argent Financial Group International LLP Address Dubai International Financial Centre
Building #3, 3rd Floor P.O. Box 75632
Dubai, United Arab EmiratesDFSA Firm Reference No. F000116 Notice No. W38/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 39/06 COB — ICICI Bank Limited
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WAIVER NOTICE
To ICICI Bank Limited Address Suite 712, RAK Businessmen Centre, Fairmont Hotel,
PO Box:24459, Dubai, UAEDFSA Firm Reference No. F000068 Notice No. W039 / 2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 40/06 COB — Fortis Banque (Suisse) S.A.
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MODIFICATION NOTICE
To Fortis Banque (Suisse) S.A. Address The Gate Building
Level 5, East Wing,
PO Box 211104,
Dubai, UAEDFSA Firm Reference No. F000050 Notice No. W40/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 14 June 2006 and expires on 13 June 2007 or the date on which any Rule specified herein is amended, whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is COB/VER5/04/06.
Rule Modified Text COB 3.2.2
Client(1) A Client is a Person who the Authorised Firm has determined, prior to the establishment of a relationship, is:
(a) an individual who:(i) has at least $1 million in liquid assets and has provided the Authorised Firm with written confirmation of this fact;(ii) appears to the Authorised Firm after analysis, to have sufficient financial experience and understanding to participate in financial markets; and(iii) has consented in writing to being treated as a Client; or(iv) was a customer of the firm immediately prior to the firm's authorisation by the DFSA and:(a) the firm has confirmed in writing that the customer has at least $1 million in liquid assets and meets the requirement (ii); and(b) the customer has been notified in writing and he has not objected to being treated as a Client for the purposes of the DFSA Rulebook.(2) Where individuals have linked or joint bank accounts, a Client is a Close Relative of the primary account holder, where the primary account holder is a Client under (1), but only in circumstances where either:(a) that Close Relative fulfils the requirement in (1) (a) (ii); or(b) in accordance with the provisions of a legal document all Financial Services transactions between the Authorised Firm and the Close Relative are agreed by the primary account holder.(3) For the purposed of (2) the defined term Close Relative includes grandchildren of the primary account holder.(4) A Personal investment Vehicle or the trustee of such a vehicle is a Client if it is established and operated for the sole purpose of providing a vehicle to facilitate efficient management of a Client's investment portfolio including, if applicable, that any Close Relatives of that Client.(5) For the purpose of (4) a Personal Investment Vehicle must be a:a) Body Corporate;b) Partnership;c) trust; ord) foundation; andhave net assets or share capital of at least $1 million.(6) For the purposes of (4), the term Close Relative includes any individuals mentioned in 3.2.2 (3) above.(7) A Personal Investment Vehicle that is a Body Corporate, Partnership, trust or foundation must not for the purposes of this Rule be valued and classified under 3.2.2(1).(8) Any Person who does not meet the criteria in (1), (2), (3) or (4) is a Retail Customer.COB 3.2.6
Record Keeping(1) .....................(2) If the Client in (1) is an individual the records must include the analysis undertaken, the reasons for the Authorised Firm concluding that the individual merits classification as a Client, and the Client's written consent to be treated as a Client, unless the Client is a Client under (1)(iv), in such case the written consent is not required but a copy of the one way written notification must be retained by the Authorised Firm.COB 8.1.1
Client Agreement(1) .....................
An Authorised Firm must, for Clients who were customers of the Authorised Firm immediately prior to it being authorised by the DFSA advise the Clients by way of a one way notification of the regulatory status of the Authorised Firm.CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 14 June 2006 W 41/06 COB — Standard Bank Plc
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WAIVER NOTICE
To Standard Bank Plc Address 16th Floor, Emirates Towers
P.O.Box - 504904
Dubai
United Arab EmiratesDFSA Firm Reference No. F000028 Notice No. W041 / 2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 42/06 COB — Injazat Capital Limited
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WAIVER NOTICE
To Injazat Capital Limited Address Office 235, Level 2, Building 7
Dubai Media City, Dubai UAEDFSA Firm Reference No. F000064 Notice No. W42/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 43/06 GEN — Permal Investment Management Services Limited
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MODIFICATION NOTICE
To Permal Investment Management Services Limited Address Permal Investment Management Services Limited
The Gate Building,
8th Floor West,
Dubai
United Arab EmiratesDFSA Firm Reference No. F000012 Notice No. W43/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 26 April 2006 and expires on 30 April 2009 or the date on which any rule specified herein is amended, whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER8/04-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS) unless (2) or (3) applies; or(b) generally accepted accounting principles of the United Kingdom.(2) ……..and so on until (3).GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) or International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board (APB) of the UK in accordance with legal and regulatory requirements under UK Law, in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) ………………….(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or International Standards on Auditing (UK and Ireland) issued by APB in accordance with legal and regulatory requirements under UK Law, or AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB, International Standards on Auditing (UK and Ireland) issued by APB in accordance with legal and regulatory requirements under UK Law, and to AAOIFI auditing standards in respect of Islamic Financial Business;(d) ……..and so on until (h).CONDITIONS
NONE
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 26 April 2006 W 45/06 COB — Superfund Financial (Middle East) Limited
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WAIVER NOTICE
To Superfund Financial (Middle East) Limited Address C/o Dubai International Finance Centre,
Level 12, The Gate,
Dubai, UAEDFSA Firm Reference No. F000158 Notice No. W045/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 46/06 COB — IXIS Middle East Ltd
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WAIVER NOTICE
To IXIS Middle East Ltd Address Office 103A, Level 1, Tower 42,
Gulf Towers, Oud Metha Road
PO Box 11825
Dubai, UAEDFSA Firm Reference No. F000221 Notice No. W046/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 47/06 GEN — Lloyds TSB Bank plc.
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MODIFICATION NOTICE
To Lloyds TSB Bank plc. Address The Gate, East Wing, Level 4, P.O. Box 121404, Dubai, UAE DFSA Firm Reference No. F000069 Notice No. W47/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 4th May 2006 and remains in effect for three years from the date it comes into effect or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN VER 8/04-06.
Rule Modified Text GEN 8.2.1(1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with the International Financial Reporting Standards (IFRS) unless (2) or (3) applies or in accordance with generally accepted accounting principles of the United Kingdom. GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken or in accordance with legal and regulatory requirements under UK law and auditing standards issued by the UK Auditing Practices Board.[…](c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or AAOIFI in respect of Islamic Financial Business or in accordance with legal and regulatory requirements under UK law and auditing standards issued by the UK Auditing Practices Board.(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB and to AAOIFI auditing standards in respect of Islamic Financial Business or to the UK law and auditing standards issued by the UK Auditing Practices Board.CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 4th May 2006 W 48/06 COB — Franklin Templeton Investment Management Limited
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WAIVER NOTICE
To Franklin Templeton Investment Management Limited Address 640-B, Al Ghurair City Office Towers.
P.O Box 55311
Dubai, UAEDFSA Firm Reference No. F000004 Notice No. W48/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 49/06 GEN — Persia International Bank Plc
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MODIFICATION NOTICE
To Persia International Bank Plc Address Level 4, The Gate, DIFC
PO Box: 119871
Dubai
United Arab EmiratesDFSA Firm Reference No. F000008 Notice No. W049/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 27 April 2006 and expires on 30 April 2009 or the date on which any rule specified herein is amended, whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN VER 8/04-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS) unless (2) or (3) applies; or(b) generally accepted accounting principles of the United Kingdom.(2) ........and so on until (3).GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a) conduct an audit of the Authorised Person's accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) or International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board (APB) of the UK in accordance with legal and regulatory requirements under UK Law, in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) ......................(c) produce an Auditor's Annual Report which states whether:(i) the auditor has audited the Authorised Person's annual financial statements in accordance with the IAASB or International Standards on Auditing (UK and Ireland) issued by APB in accordance with legal and regulatory requirements under UK Law, or AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB, International Standards on Auditing (UK and Ireland) issued by APB in accordance with legal and regulatory requirements under UK Law, and to AAOIFI auditing standards in respect of Islamic Financial Business;(d) ........and so on until (h).CONDITIONS
NONE
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 27 April 2006 W 50/06 COB — Bank Sarasin — Alpen (ME) Limited
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WAIVER NOTICE
To Bank Sarasin — Alpen (ME) Limited Address Dubai Media City, Bldg. No. 9, Office No. 25/26, PO Box 502193 DFSA Firm Reference No. F000009 Notice No. W050/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 51/06 COB — NBK Capital Ltd
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WAIVER NOTICE
To NBK Capital Ltd Address Business Centre
Level 12, The Gate
Dubai, UAEDFSA Firm Reference No. F000150 Notice No. W051/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 6.9.1 to 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : The coming into force of the Collective Investments Law 2006 W 52/06 COB — IXIS Asset Management UK Ltd
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WAIVER NOTICE
To IXIS Asset Management UK Ltd Address Office 103 A Level 1
Tower A2 Gulf Towers
Oud Metha Road
P O Box 118257
Dubai
UAEDFSA Firm Reference No. F000234 Notice No. W052/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 6.9.1 to 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : The coming into force of the Collective Investments Law 2006 W 53/06 GEN — Man Investments (Middle East) Limited
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MODIFICATION NOTICE
To Man Investments (Middle East) Limited Address Level 5, West Wing, The Gate, DIFC DFSA Firm Reference No. F000066 Notice No. W053/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the 26 April 2006 and expires on 31 July 2007.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN VER 8/04-06.
Rule Modified Text GEN Rule 8.6.2 (1) An Authorised Firm must submit any auditor's report and financial statements required by this chapter to the DFSA within four months of theAuthorised Firms financial year end31 March 2007(2) For the purpose of (1), the auditor's report and financial statements must cover at least the following periods:(a) 1 December 2005 to 31 March 2006; and(b) 1 April 2006 to 31 March 2007CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 26 April 2006 W 54/06 COB — Lloyds TSB Offshore Limited Dubai
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WAIVER NOTICE
To Lloyds TSB Offshore Limited Dubai Address Level 4, The Gate
DIFC, P.O. Box 121404,
Dubai, UAEDFSA Firm Reference No. F000192 Notice No. W054/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : The coming into force of the Collective Investments Law 2006 W 55/06 COB — Ansbacher & Co Limited
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WAIVER NOTICE
To Ansbacher & Co Limited Address Level 4, West Wing, The Gate Building, DIFC DFSA Firm Reference No. F000005 Notice No. W055/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : The coming into force of the Collective Investments Law 2006 W 56/06 COB — Fortis Banque (Suisse) S.A
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WAIVER NOTICE
To Fortis Banque (Suisse) S.A Address The Gate, Level 5, East Wing, Dubai International Financial
CentreDFSA Firm Reference No. F000050 Notice No. W056/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : The coming into force of the Collective Investments Law 2006 W 57/06 COB — Lloyds TSB Bank Plc
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WAIVER NOTICE
To Lloyds TSB Bank Plc Address Level 4 East, The Gate Building, DIFC
Dubai, United Arab EmiratesDFSA Firm Reference No. F000069 Notice No. W057/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of the coming into force of the Collective Investment Law 2006 and expires 20 business days after that date.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : The coming into force of the Collective Investments Law 2006 W 59/06 COB — Credit Suisse
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WAIVER NOTICE
To Credit Suisse Address The Gate Building, 9th Floor East, DIFC, PO Box 33660,
Dubai, UAEDFSA Firm Reference No. F000011 Notice No. W059 / 2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 23 April 2006 and expires on 17 May 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 23 April 2006 W 60/06 GEN — Lloyds TSB Bank Plc
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MODIFICATION NOTICE
To Lloyds TSB Bank Plc Address Lloyds TSB Bank Plc
The Gate Building
Level 4 East,
Dubai,
United Arab EmiratesDFSA Firm Reference No. F000069 Notice No. W060/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 26 April 2006 and will expire on 30 April 2007.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER8/4-06.
Rule Modified Text GEN 8.6.2 (1) An Authorised Person must submit any auditor’s reports and financial statements required by this chapter to the DFSA within four months of theAuthorised Person’s financial year end31 December 2006.(2) For the purposes of (1), the auditor’s reports and financial statements must cover at least the following periods:(a) 1 December 2005 to 31 December 2005; and(b) 1 January 2006 to 31 December 2006.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 26 April 2006 W 61/06 AUT — Citigroup Global Markets Limited
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MODIFICATION NOTICE
To Citigroup Global Markets Limited Address C/O Citibank N.A. Dubai
P O Box 749
Dubai — UAEDFSA Firm Reference No. F000153 Notice No. W 61 / 06 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 04 May 2006 and remains in effect until further notice or the date on which the current Managing Director for Middle East and North Afica region registered as the Licensed Director of the firm by way of this rule modification remains in his office, whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER2/08-05.
Rule Modified Text AUT 10.3.4 An Authorised Firm which is a Body Corporate, other than a Limited Liability Partnership: (a) whose head office and registered office is located in the DIFC, must register with the DFSA all of its Directors as Licensed Directors; or(b) whose head office and registered office is not located in the DIFC must register with the DFSA at least one of its Directors or the Managing Director for Middle East and North Africa region as a Licensed Director who is ultimately responsible for the Authorised Firm’s Financial Services carried on in or from the DIFC.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 04 May 2006 W 62/06 REC — Citigroup Global Markets Limited
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WAIVER NOTICE
To Citigroup Global Markets Limited Address C/O Citibank N.A. Dubai
P O Box 749
Dubai — UAEDFSA Firm Reference No. F000153 Notice No. W 62 / 06 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 04 May 2006, until further notice, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule REC/VER2/08-05 REC 7.2.2 (a) CONDITIONS
All trades on the DIFX are to be executed by the London office of Citigroup Global Markets Limited (principal place of business).
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 04 May 2006 W 63/06 PIB — Citigroup Global Markets Limited
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WAIVER NOTICE
To Citigroup Global Markets Limited Address C/O Citibank N.A. Dubai
P O Box 749
Dubai — UAEDFSA Firm Reference No. F000153 Notice No. W 63 / 06 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 04 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below.
DFSA Rulebook Module Version Rule PIB/VER2/08-05 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER2/08-05 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that Citigroup Global Markets Limited submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to FSA, within ten business days of the due date for submission to FSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 04 May 2006 W 64/06 GEN — Standard Chartered Bank
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MODIFICATION NOTICE
To Standard Chartered Bank Address PO Box: 999, Dubai, U.A.E. DFSA Firm Reference No. F000003 Notice No. W064/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 26 April 2006 and expires on 30 April 2009 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER8/04-06.
Rule Modified Text GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) or International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board (APB) of the UK in accordance with legal and regulatory requirements under UK Law, in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) ..............(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or International Standards on Auditing (UK and Ireland) issued by APB in accordance with legal and regulatory requirements under UK Law, or AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB, International Standards on Auditing (UK and Ireland) issued by APB in accordance with legal and regulatory requirements under UK Law, and to AAOIFI auditing standards in respect of Islamic Financial Business;(d) ....... and so on until (h).CONDITIONS
NONE
INTEPRETATION
The provisions in this notice are to be construed in accordance with section 6.2 of GEN as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 26 April 2006 W 65/06 COB — Permal Investment Management Service Ltd
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WAIVER NOTICE
To Permal Investment Management Service Ltd Address The Gate Building,
8th Floor West,
Dubai
United Arab EmiratesDFSA Firm Reference No. F000012 Notice No. W065/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 25 April 2006 and expires on 17 May 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 6.9.1 to 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 25 April 2006 W 66/06 COB — Deutsche Bank AG
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WAIVER NOTICE
To Deutsche Bank AG Address The Gate, West Wing, Level 3, PO Box 504902, Dubai, UAE DFSA Firm Reference No. F000045 Notice No. W066/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 26 April 2006 and expires on 17 May 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 26 April 2006 W 67/06 PIB — Mellon Global Investments Limited
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WAIVER NOTICE
To Mellon Global Investments Limited Address Level 42, Emirates Towers, PO Box 31303, Dubai — United
Arab EmiratesDFSA Firm Reference No. F000007 Notice No. W 067/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 69/06 PIB — Barclays Bank PLC
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WAIVER NOTICE
To Barclays Bank PLC Address The Gate Building, DIFC, 8th floor, West Wing,
P.O. Box 506520, Dubai — United Arab EmiratesDFSA Firm Reference No. F000013 Notice No. W069/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 4 June 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 4 June 2006 W 70/06 PIB — Permal Investment Management Services Limited
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WAIVER NOTICE
To Permal Investment Management Services Limited Address The Gate Building, DIFC, 8th floor, West Wing,
P.O. Box 506520, Dubai — United Arab EmiratesDFSA Firm Reference No. F000012 Notice No. W 070/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 71/06 PIB — Standard Bank Plc
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WAIVER NOTICE
To Standard Bank Plc Address 16th Floor, Emirates Towers
P.O.Box — 504904
Dubai
United Arab EmiratesDFSA Firm Reference No. F000028 Notice No. W 071/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to UK Financial Services Authority (UK FSA) within ten business days of the due date for submission to UK FSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 72/06 PIB — Fortis Banque (Suisse) S.A.
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WAIVER NOTICE
To Fortis Banque (Suisse) S.A. Address Level 5, The Gate Building, DIFC, East Wing,
P.O. Box 211104, Dubai — United Arab EmiratesDFSA Firm Reference No. F000050 Notice No. W072/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Swiss Federal Banking Commission, within ten business days of the due date for submission to the Swiss Federal Banking Commission.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 73/06 PIB — Franklin Templeton Investment Management Limited
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WAIVER NOTICE
To Franklin Templeton Investment Management Limited Address 640-B, Al Ghurair City Office Towers, PO Box 55311, Dubai — United Arab Emirates DFSA Firm Reference No. F000004 Notice No. W073/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 75/06 PIB — INVESCO Asset Management Limited
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WAIVER NOTICE
To INVESCO Asset Management Limited Address Level 42, Emirates Towers, PO Box 31303,
Dubai — United Arab EmiratesDFSA Firm Reference No. F000070 Notice No. W075/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 76/06 PIB — Lloyds TSB Bank Plc
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WAIVER NOTICE
To Lloyds TSB Bank Plc Address Level 4, The Gate Building, East Wing, PO Box 121404, Dubai — United Arab Emirates DFSA Firm Reference No. F000069 Notice No. W076/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB Chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 77/06 PIB — Ansbacher & Co Limited
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WAIVER NOTICE
To Ansbacher & Co Limited Address Level 4, The Gate Building, West Wing, PO Box 12080, DIFC, Dubai — United Arab Emirates DFSA Firm Reference No. F000005 Notice No. W077/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28 May 2006 W 78/06 PIB — Morgan Stanley & Co. International Limited
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WAIVER NOTICE
To Morgan Stanley & Co. International Limited Address Level 5, The Gate, West Wing, PO Box 506501 DIFC, Dubai — United Arab Emirates DFSA Firm Reference No. F000168 Notice No. W078/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 79/06 PIB — ICICI Bank Limited
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WAIVER NOTICE
To ICICI Bank Limited Address Suite 712, Rak Businessmen Centre, The Fairmont Hotel, PO Box 24459, Dubai — United Arab Emirates DFSA Firm Reference No. F000068 Notice No. W079/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Reserve Bank of India, within ten business days of the due date for submission to the Reserve Bank of India.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 80/06 PIB — Deutsche Bank AG
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WAIVER NOTICE
To Deutsche Bank AG Address Level 3, The Gate Building, West Wing, PO Box 504902,
DIFC, Dubai — United Arab EmiratesDFSA Firm Reference No. F000045 Notice No. W080/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report in English to the Bundesbank and BaFin, within ten business days of the due date for submission to the Bundesbank and BaFin.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 81/06 PIB — Kotak Mahindra (UK) Limited
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WAIVER NOTICE
To Kotak Mahindra (UK) Limited Address The Fairmont Dubai, Office No. 515, PO Box 121753,
Dubai — United Arab EmiratesDFSA Firm Reference No. F000049 Notice No. W 081/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) PIB/VER5/04-06 PIB Chapter 4, Sections PIB 4.3 to PIB 4.10 (Credit Risk) PIB/VER5/04-06 PIB Chapter 5, Section PIB 5.6 (Foreign Exchange Risk Capital Requirement) PIB/VER5/04-06 PIB Chapter 7, Sections PIB 7.3 and PIB 7.4 (Group Risk) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 82/06 COB — Man Investments Middle East Limited
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WAIVER NOTICE
To Man Investments Middle East Limited Address Level 5, West Wing, The Gate, DIFC DFSA Firm Reference No. F000066 Notice No. W082/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 3 May 2006 and expires on 17 May 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 3 May 2006 W 83/06 PIB — HSBC Bank Middle East Limited
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WAIVER NOTICE
To HSBC Bank Middle East Limited Address Level 3 & 4, Precinct Building 4, Unit 5, Gate District, DIFC, P.O. Box 506553, Dubai — UAE DFSA Firm Reference No. F000268 Notice No. W083/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 September 2006 remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) PIB/VER7/08-06 PIB Chapter 4, Sections PIB 4.3 to PIB 4.10 (Credit Risk) PIB/VER7/08-06 PIB Chapter 5, Sections PIB 5.3 to PIB 5.9 (Market Risk) PIB/VER7/08-06 PIB Chapter 7, Sections PIB 7.3 and PIB 7.4 (Group Risk) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest capital adequacy summary report to the Jersey Financial Services Commission ("JFSC"), within ten business days of the due date for submission to the JFSC.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director
AuthorisationDate : 24 September 2006 W 84/06 COB — GCC Energy Fund Managers Limited
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WAIVER NOTICE
To GCC Energy Fund Managers Limited Address Emirates Towers,
22nd Floor,
P O Box 504946,
Dubai, UAEDFSA Firm Reference No. F000002 Notice No. W084/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 8 May 2006 Collective Investment Law 2006 and expires on the 17 May 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 8 May 2006 W 85/06 COB — Morgan Stanley & Co. International Limited
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MODIFICATION NOTICE
To Morgan Stanley & Co. International Limited Address Level 5, The Gate, Dubai, UAE DFSA Firm Reference No. F000168 Notice No. W85/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 18 May 2006 and expires on 18 May 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is COB/VER4/01-06.
Rule Modified Text COB 3.2.2 (1) A Client is a Person who the Authorised Firm has determined, prior to the establishment of a relationship, is:(a) an individual who:(i) has at least $1 million in liquid assets and has provided the Authorised Firm with written confirmation of this fact;(ii) appears to the Authorised Firm, after analysis, to have sufficient financial experience and understanding to participate in financial markets; and(iii) has consented in writing to being treated as a Client; or(iv) was a customer of the firm immediately prior to the firm’s authorisation by the DFSA and:(a) the firm has confirmed in writing that the customer meets the requirements in (i) and (ii); and(b) the customer has been notified in writing and he has not objected to being treated as a Client for the purposes of the DFSA Rulebook.COB 8.1.1 (2) An Authorised Firm must, for Clients who were customers of the Authorised Firm immediately prior to it being authorised by the DFSA, advise the Clients by way of a one way notification, of the regulatory status of the Authorised Firm.CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 18 May 2006 W 86/06 COB — Franklin Templeton Investment Management Ltd
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WAIVER NOTICE
To Franklin Templeton Investment Management Ltd Address 640 – B, Al Ghurair City Office Towers, Al Rigga Street,
P O Box 55311, Dubai, UAEDFSA Firm Reference No. F000004 Notice No. W86/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the 18th of May and expires on the 15th of August or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.4; COB 6.9.5 CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 18 May 2006 W 87/06 PIB — Sumitomo Mitsui Banking Corporation
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WAIVER NOTICE
To Sumitomo Mitsui Banking Corporation Address Offices 3 and 31, Business Centre, Level 12
The Gate, DIFC, PO Box 121208, Dubai — UAEDFSA Firm Reference No. F000223 Notice No. W087/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) PIB/VER5/04-06 PIB Chapter 4, Sections PIB 4.3 to PIB 4.10 (Credit Risk) PIB/VER5/04-06 PIB Chapter 5, Sections PIB 5.3 to PIB 5.9 (Market Risk) PIB/VER5/04-06 PIB Chapter 7, Sections PIB 7.3 and PIB 7.4 (Group Risk) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that Sumitomo Mitsui Banking Corporation submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to Financial Services Agency of Japan, within ten business days of the due date for submission to Financial Services Agency of Japan.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 88/06 PIB — Credit Suisse
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WAIVER NOTICE
To Credit Suisse Address Level 9, The Gate, East Wing, DIFC, PO Box 33660,
Dubai — UAEDFSA Firm Reference No. F000011 Notice No. W088/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) PIB/VER5/04-06 PIB Chapter 4, Sections PIB 4.3 to PIB 4.10 (Credit Risk) PIB/VER5/04-06 PIB Chapter 5, Sections PIB 5.3 to PIB 5.9 (Market Risk) PIB/VER5/04-06 PIB Chapter 7, Sections PIB 7.3 and PIB 7.4 (Group Risk) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that Credit Suisse submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to the Swiss Federal Banking Commission within ten business days of the due date for submission to the Swiss Federal Banking Commission.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 89/06 COB — Permal Investment Management Services Limted
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WAIVER NOTICE
To Permal Investment Management Services Limted Address The Gate Building, 8th Floor West, Dubai, UAE DFSA Firm Reference No. F000012 Notice No. W89/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the 18th of May 2006 and expires on the 15th August 2006 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 18 May 2006 W 90/06 GEN — Deutsche Bank AG
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MODIFICATION NOTICE
To Deutsche Bank AG Address The Gate, West Wing, Level 3, PO Box 504902, Dubai, UAE DFSA Firm Reference No. F000045 Notice No. W90/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 18th May 2006 and expires on 18th May 2009 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER8/4-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with the International Financial Reporting Standards (IFRS) unless (2) or (3) applies or in accordance with generally accepted accounting principles of the United States of America. GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a) conduct an audit of the Authorised Person's accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) or the 'Institute der Wirtschaftspruerfer (German Institute of Auditors) and in supplementary compliance with the Standards of Public Accounting Oversight Board (United States) in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;[…](c) produce an Auditor's Annual Report which states whether:(i) the auditor has audited the Authorised Person's annual financial statements in accordance with the IAASB, or the 'Institute der Wirtschaftspruerfer (German Institute of Auditors) and in supplementary compliance with the Standards of Public Accounting Oversight Board (United States) or AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB, or the 'Institute der Wirtschaftspruerfer (German institute of Auditors) and in supplementary compliance with the Standards of Public Accounting Oversight Board (United States) and to AAOIFI auditing standards in respect of Islamic Financial Business.CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 18 May 2006 W 92/06 AUT — Superfund Financial (Middle East) Limited
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WAIVER AND MODIFICATION NOTICE
To Superfund Financial (Middle East) Limited Address Dubai International Finance Centre, Level 12, The Gate, Dubai, U.A.E. DFSA Firm Reference No. F000158 Notice No. W092/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 11 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules 10.2.2 (h), 11.3.1, 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 11 May 2006 W 94/06 AUT— Lloyds TSB Bank Plc
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WAIVER AND MODIFICATION NOTICE
To Lloyds TSB Bank Plc Address 4th Floor East, The Gate, Dubai International Financial Centre,
P.O. Box 121404, Dubai, UAEDFSA Firm Reference No. F000069 Notice No. W094/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.
AND2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 11 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules 10.2.2 (h), 11.3.1, 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who
:(a) has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with section 6.2 of GEN as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 11 May 2006 W 95/06 AUT — State Bank of India
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MODIFICATION NOTICE
To State Bank of India Address Office #201, 2nd Floor, Al Attar Towers
Sheikh Zayed Road,
Dubai, United Arab EmiratesDFSA Firm Reference No. F000239 Notice No. W095/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 14th December 2006 and remains in effect until further notice or the date on which the current Chief General Manager (Foreign Offices) registered as the Licensed Director of the firm, by way of this rule modification, remains in office, whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER6/08-06.
Rule Modified Text AUT 10.3.4 An Authorised Firm which is a Body Corporate, other than a Limited Liability Partnership: (a) whose head office and registered office is located in the DIFC, must register with the DFSA all of its Directors as Licensed Directors; or(b) whose head office and registered office is not located in the DIFC must register with the DFSA at least one of its Directors or the Chief General Manager (Foreign Offices) as a Licensed Director who is ultimately responsible for the Authorised Firm’s Financial Services carried on in or from the DIFC.CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 14th December 2006 W 96/06 PIB — EFG Bank
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WAIVER NOTICE
To EFG Bank Address Precinct building 5, Level 5 North
P.O.Box — 506502
Dubai International Financial Centre
Dubai, United Arab EmiratesDFSA Firm Reference No. F000083 Notice No. W 096/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 28 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to the Swiss Federal Banking Commission within ten business days of the due date for submission to the Swiss Federal Banking Commission.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28 May 2006 W 97/06 COB — Lloyds TSB Bank plc
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WAIVER NOTICE
To Lloyds TSB Bank plc Address The Gate, PO Box 121404, Dubai DFSA Firm Reference No. F000069 Notice No. W97/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on the 18th of May 2006 and expires on the 15th August 2006 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 18 May 2006 W 98/06 AUT — Julius Baer
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WAIVER AND MODIFICATION NOTICE
To Julius Baer Address Julius Baer (Middle East) Limited
Level 5, Emirates Towers
PO Box 504925
Dubai
United Arab EmiratesDFSA Firm Reference No. F000001 Notice No. W098/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in Table A herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that Table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 15th May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
TABLE A
Module Version Rule AUT/VER4/04-06 Rules 10.2.2 (h), 11.3.1, 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 15th May 2006. W 99/06 AUT — Merrill Lynch Bank (Suisse) S.A
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WAIVER AND MODIFICATION NOTICE
To Merrill Lynch Bank (Suisse) S.A Address PO Box 3911, Dubai UAE DFSA Firm Reference No. F000010 Notice No. W099/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in Table A herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 15th May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Table A
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2(h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The versions of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who : (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date 15th May 2006. W 101/06 PIB — ABN AMRO Bank NV
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WAIVER NOTICE
To ABN AMRO Bank NV Address Gustav Mahlerlaan 10, 1082 PP Amsterdam
The NetherlandsDFSA Firm Reference No. F000071 Notice No. W101/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 19th June 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to de Nederlandsche Bank, within ten business days of the due date for submission to de Nederlandsche Bank.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 19th June 2006 W 104/06 GEN — Merrill Lynch Bank (Suisse) SA
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MODIFICATION NOTICE
To Merrill Lynch Bank (Suisse) SA Address PO Box 3911, Dubai, UAE DFSA Firm Reference No. F000010 Notice No. W104/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and expires on 24 May 2009 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER8/04-06.
Rule Modified Text GEN 8.2.1(1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with the International Financial Reporting Standards (IFRS) unless (2) or (3) applies or in accordance with Swiss Law and the Company’s articles of incorporation. GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) in respect of the conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken or in accordance with Swiss Auditing Standards.[…](c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or AAOIFI in respect of Islamic Financial business or in accordance with Swiss Auditing Standards.(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB and to AAOIFI auditing standards in respect of Islamic Financial Business or in accordance with Swiss Auditing Standards.CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 105/06 COB — Man Investments Middle East Limited
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WAIVER NOTICE
To Man Investments Middle East Limited Address Level 5, West Wing, The Gate, DIFC DFSA Firm Reference No. F000066 Notice No. W105/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on the 24 May 2006 and expires on 15 August 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 106/06 PIB — Banque de Commerce et de Placements SA
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WAIVER NOTICE
To Banque de Commerce et de Placements SA Address Level 7, Tenancy 6, 7 and 8, Gate Precinct Building 3,
Dubai International Financial Centre,
Dubai, United Arab EmiratesDFSA Firm Reference No. F000267 Notice No. W106/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 1st November 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) PIB/VER7/08-06 PIB Chapter 4, Sections PIB 4.3 to PIB 4.10 (Credit Risk) PIB/VER7/08-06 PIB Chapter 5, Sections PIB 5.3 to PIB 5.9 (Market Risk) PIB/VER7/08-06 PIB Chapter 7, Sections PIB 7.3 and PIB 7.4 (Group Risk) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to the Swiss Federal Banking Commission (SFBC), within ten business days of the due date for submission to the SFBC.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 1st November 2006 W 107/06 AUT — Banque de Commerce et de Placements SA
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MODIFICATION NOTICE
To Banque de Commerce et de Placements SA Address Level 7, Tenancy 6, 7 and 8, Gate Precinct Building 3,
Dubai International Financial Centre,
Dubai, United Arab EmiratesDFSA Firm Reference No. F000267 Notice No. W107/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 1st November 2006 and remains in effect until 1st May 2007, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER6/08-06.
Rule Modified Text AUT 10.3.2 The Authorised Individual sreferred to in AUT rule 10.3.1(a), (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 1st November 2006 W 108/06 AUT — Banque de Commerce et de Placements SA
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MODIFICATION NOTICE
To Banque de Commerce et de Placements SA Address Level 7, Tenancy 6, 7 and 8, Gate Precinct Building 3,
Dubai International Financial Centre,
Dubai, United Arab EmiratesDFSA Firm Reference No. F000267 Notice No. W108/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 1st November 2006 and remains in effect until further notice or the date on which the current Head Trade Finance Department BCP Head Office registered as Licensed Director by way of this Rule modification ceases his office, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER6/08-06.
Rule Modified Text AUT 10.3.4 An Authorised Firm which is a Body Corporate, other than a Limited Liability Partnership: (a) whose head office and registered office is located in the DIFC, must register with the DFSA all of its Directors as Licensed Directors; or(b) whose head office and registered office is not located in the DIFC must register with the DFSA at least one of its Directors or the Head Trade Finance Department BCP Head Office as a Licensed Director who is ultimately responsible for the Authorised Firm’s Financial Services carried on in or from the DIFC.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 1st November 2006 W 109/06 COB — Superfund Financial (Middle East) Limited
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WAIVER NOTICE
To Superfund Financial (Middle East) Limited Address Level 12, The Gate, Dubai, UAE DFSA Firm Reference No. F000158 Notice No. W 109/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on the 24 May 2006 and expires on 15 August 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 inclusive. CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 110/06 TKO — MTN International (Mauritius) Limited
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MODIFICATION NOTICE
To MTN International (Mauritius) Limited Address Freshfields Bruckhaus Deringer
Attn. of Bruce Embley
65 Fleet Street
London EC4Y 1HS
United KingdomDFSA Firm Reference No. F000272 Notice No. W110/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 18 May 2006 and expires on 18 May 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is TKO/VER1/09-05.
Rule Modified Text TKO 11.1.1 A Bidder must: (a) post the Bid Document to shareholders within21 days75 days of its announcement of a firm intention to make a Bid; and(b) ……TKO A1.2.1 (1) Subject to (2) below, [i]n the case of a Securities Exchange Bid, the Bidder must disclose the following information relating to the financial affairs of the Bidder:(a) for the past 3 financial years for which the information has been published, turnover, net profit or loss before and after taxation, the amount of tax, extraordinary items, minority shareholders’ interests, the amount absorbed by dividends and earnings and dividends per Share;(b) a statement of the assets and liabilities shown in the latest published audited accounts;(c) a cash flow statement if provided in the latest published audited accounts;(d) all known material changes in the financial or trading position of the Bidder subsequent to the latest published audited accounts or a statement that there are no known material changes;(e) details relating to items referred to in paragraph (a) above in respect of any interim statement or preliminary announcement made since the latest published audited accounts;(f) inflation-adjusted information relating to paragraphs (a) and (b) if any has been published;(g) significant accounting policies together with any points from the notes to the accounts which are of major relevance to an appreciation of the figures, including those relating to inflation adjusted information;(h) a description of how the Bid is to be financed and the source of the finance, including details of the principal lenders or arrangers of such finance;(i) details of any reorganisation of capital including capital raisings during the two financial years preceding the commencement of the Bid Period; and(j) details of any bank overdrafts or loans, or other similar indebtedness, mortgages, charges or guarantees or other material contingent liabilities of the Bidder and any of its subsidiaries, or, if there are no such liabilities, a statement to such effect.(2) Where the Bidder is a member of a Group which prepares consolidated financial accounts, the requirement under (1) for the Bidder to disclose published information relating to its financial affairs for the past three financial years may be satisfied by disclosing the Group consolidated accounts for the same period.TKO A1.3 A1.3.1 Subject to (2) below, [t]he Bidder must disclose: (1)(a) the shareholdings of the Bidder and MTN Group Limited in the Target;(b) the holdings of Securities in the Bidder (in the case of a Securities Exchange Bid only) and in the Target in which each Director of the Bidder is directly or indirectly interested;(c) the holdings of Securities in the Bidder and MTN Group Limited (in the case of a Securities Exchange Bid only) and in the Target which any Person acting in concert with the Bidder owns or controls, together with the name of such Person acting in concert,(d) the holdings of Securities in the Bidder and MTN Group Limited (in the case of a Securities Exchange Bid only) and in the Target owned or controlled by any Person who, prior to the posting of the Bid Document, has irrevocably committed himself to accept the Bid, together with the name of such Person.(2)(a) Subject to (2) (b) and (c) holdings required to be disclosed under any of (1) (a), (b), (c) or (d) may be aggregated;(b) While holdings within each of (1) (a), (b), (c) or (d) may be aggregated for the purposes of (2)(a), the holdings of (1) (a), (b), (c) and (d) must not be combined to satisfy the disclosures required in (1) above;(c) Any aggregation of holdings must not result in misleading or deceptive disclosure;(d) Dealings in the Target and Bidder by financial advisers to the Bidder are not required to be disclosed under (1) where the dealings are undertaken by the financial adviser as agent for third parties not connected to the bid.CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
(a) MTN Group Limited shall guarantee all obligations of MTN International (Mauritius) Limited arising under the takeover offer: and(b) The guarantee under (a) must be clearly disclosed in the offer documents and must be legally enforceable under the laws of Dubai International Financial Centre and other applicable laws.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 18 May 2006 W 111/06 AUT — Bank Sarasin — Alpen (ME) Limited
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WAIVER AND MODIFICATION NOTICE
To Bank Sarasin — Alpen (ME) Limited Address P.O. Box — 121806
Dubai International Finance Centre
GATE Precinct Building 5, Level 4
Dubai, United Arab EmiratesDFSA Firm Reference No. F000009 Notice No. W111/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 21 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 21 May 2006 W 112/06 AUT — Alpen Capital (ME) Limited
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WAIVER AND MODIFICATION NOTICE
To Alpen Capital (ME) Limited Address P.O. Box — 121806
Dubai International Finance Centre
GATE Precinct Building 5, Level 4
Dubai, United Arab EmiratesDFSA Firm Reference No. F000219 Notice No. W112/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 21 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 21 May 2006 W 113/06 AUT — DBS Bank Limited
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WAIVER AND MODIFICATION NOTICE
To DBS Bank Limited Address Office 20, 12th Floor, Business Centre, PO Box: 21208,
The Gate, DIFC, Dubai, UAEDFSA Firm Reference No. F000164 Notice No. W113/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 21 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 21 May 2006 W 114/06 AUT — Standard Bank Plc
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WAIVER AND MODIFICATION NOTICE
To Standard Bank Plc Address 16th Floor, Emirates Towers
P.O.Box — 504904
Dubai
United Arab EmiratesDFSA Firm Reference No. F000028 Notice No. W114/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in table herein do not apply to the above mentioned Person;AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 22 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who:(a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 22 May 2006 W 116/06 AUT — Credit Suisse
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WAIVER AND MODIFICATION NOTICE
To Credit Suisse Address Level 9, The Gate, East Wing, DIFC, PO Box 33660,
Dubai - UAEDFSA Firm Reference No. F000083 Notice No. W116/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 23 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 23 May 2006 W 117/06 COB — Deutsche Bank AG
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WAIVER NOTICE
To Deutsche Bank AG Address The Gate, West Wing, Level 3, PO Box 504902, Dubai, UAE DFSA Firm Reference No. F000045 Notice No. W117/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the 31 May 2006 and expires on the 15 August 2006 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 31 May 2006 W 118/06 AUT — Mashreq Capital (DIFC) Limited
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WAIVER AND MODIFICATION NOTICE
To Mashreq Capital (DIFC) Limited Address Post Box 1250, Dubai, UAE DFSA Firm Reference No. F000178 Notice No. W118/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 120/06 COB — AIG MEMSA General Insurance Company Ltd
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MODIFICATION NOTICE
To AIG MEMSA General Insurance Company Ltd Address Level 11, The Gate Building, PO Box 117719,
Dubai International Financial Centre, Dubai, UAEDFSA Firm Reference No. F000016 Notice No. W120/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rule specified in the table herein does not apply to the above mentioned Person in the form appearing in the Rulebook but instead applies to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28th May and remains in effect until further notice or on the date on which any rule specified herein is amended, whichever is the earlier.
RULE MODIFIED
The Rule listed in the left hand column of the table below is modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of the Rule to which this notice relates is COB/VER4/01-06.
Rule Modified Text COB 2.2.2 (2) An Insurer which is a DIFC incorporated Insurer must ensure that it does not Effect a Contract of Insurance or Carry Out a Contract of Insurance with a natural person, in or from the DIFC or from a branch outside the DIFC…………CONDITIONS
The modification in respect of the Rule specified above remain in effect on condition that prior to establishing a branch in another jurisdiction, the firm must seek and obtain the prior approval of the DFSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28th May 2006 W 121/06 AUT — Standard Chartered Bank
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WAIVER AND MODIFICATION NOTICE
To Standard Chartered Bank Address PO Box 999, Dubai, U.A.E DFSA Firm Reference No. F000003 Notice No. W121/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.
AND2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28 May 2006 W 123/06 AUT — Ansbacher & Co Limited
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WAIVER AND MODIFICATION NOTICE
To Ansbacher & Co Limited Address Level 4, The Gate Building, West Wing, DIFC, Dubai, UAE DFSA Firm Reference No. F000005 Notice No. W123/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules 10.2.2 (h), 11.3.1, 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28 May 2006 W 124/06 AUT — Fortis Banque (Suisse) S.A
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WAIVER AND MODIFICATION NOTICE
To Fortis Banque (Suisse) S.A Address The Gate — Level 5, East Wing, Dubai, United Arab Emirates DFSA Firm Reference No. F000050 Notice No. W124/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 28 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules 10.2.2 (h), 11.3.1, 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who
: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28 May 2006 W 125/06 COB — Credit Suisse
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WAIVER NOTICE
To Credit Suisse Address Level 9, The Gate, East Wing, DIFC,
PO Box 33660, Dubai, UAEDFSA Firm Reference No. F000011 Notice No. W125/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 6 June 2006 and expires on 15 August 2006 or the date on which any Rule specified herein is amended, which ever is earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 5/04-06 COB 6.9.1 to COB 6.9.7 CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 7 June 2006 W 126/06 PIB — Lehman Brothers International (Europe)
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WAIVER NOTICE
To Lehman Brothers International (Europe) Address 25 Bank Street, London E14 5LE
United KingdomDFSA Firm Reference No. F000278 Notice No. W126/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28th August 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Financial Services Authority (FSA), within ten business days of the due date for submission to the FSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28th August 2006 W 128/06 GEN — Lehman Brothers International (Europe)
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MODIFICATION NOTICE
To Lehman Brothers International (Europe) Address 25 Bank Street, London E14 5LE
United KingdomDFSA Firm Reference No. F000278 Notice No. W128/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28th August 2006 and expires on 28th August 2009 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER11/08-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with the International Financial Reporting Standards (IFRS) unless (2) or (3) applies or in accordance with generally accepted accounting principles of the United States of America. GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person's accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) or in compliance with the Standards of Public Accounting Oversight Board (United States) in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken.[..](c) produce an Auditor's Annual Report which states whether:(i) the auditor has audited the Authorised Person's annual financial statements in accordance with the IAASB or in compliance with the Standards of Public Accounting Oversight Board (United States) or AAOIFI in respect of Islamic Financial Business.(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or in compliance with the Standards of Public Accounting Oversight Board (United States) and to AAOIFI auditing standards in respect of Islamic Financial Business.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28th August 2006 W 130/06 AUT — ABN AMRO Bank NV
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MODIFICATION NOTICE
To ABN AMRO Bank NV Address Gustav Mahlerlaan 10, 1082 PP Amsterdam
The NetherlandsDFSA Firm Reference No. F000071 Notice No. W130/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 19th June 2006 and remains in effect until further notice or the date on which the current Chief Executive Officer, Asia registered as the Licensed Director of the firm by way of this rule modification remains in his office, whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below is modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER4/04-06.
Rule Modified Text AUT 10.3.4 An Authorised Firm which is a Body Corporate, other than a Limited Liability Partnership:
(a) whose head office and registered office is located in the DIFC, must register with the DFSA all of its Directors as Licensed Directors; or
(b) whose head office and registered office is not located in the DIFC must register with the DFSA at least one of its Directors or the Chief Executive Officer, Asia as a Licensed Director who is ultimately responsible for the Authorised Firm’s Financial Services carried on in or from the DIFC.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 19th June 2006 W 135/06 AUT — Argent Financial Group International LLP
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WAIVER AND MODIFICATION NOTICE
To Argent Financial Group International LLP Address Dubai International Financial Centre
Building #3, 3rd Floor P.O. Box 75632
Dubai, United Arab EmiratesDFSA Firm Reference No. F000116 Notice No. W135/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 5th June 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table B below.
Module Version Rule AUT/VER4/04-06 Rules 10.2.2 (h), 11.3.1, 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE BRule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who:(a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 5th June 2006 W 136/06 AUT — Injazat Capital Limited
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WAIVER AND MODIFICATION NOTICE
To Injazat Capital Limited Address Office 235, Level 2, Building 7
Dubai Media City, Dubai UAEDFSA Firm Reference No. F000064 Notice No. W136/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 5th June 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table B below.
Module Version Rule AUT/VER4/04-06 Rules 10.2.2 (h), 11.3.1, 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE BRule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 5th June 2006 W 137/06 AUT — EFG Bank
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WAIVER AND MODIFICATION NOTICE
To EFG Bank Address Dubai International Financial Centre
Precinct building 5, Level 5 North
P.O.Box — 506502
Dubai, United Arab EmiratesDFSA Firm Reference No. F000083 Notice No. W137/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 6 June 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and
(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 6 June 2006 W 141/06 AUT — Gulf Capital Group Limited
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WAIVER AND MODIFICATION NOTICE
To Gulf Capital Group Limited Address Office 602, 21st Century Building, Abu Baker Al Siddique Road
Dubai, United Arab EmiratesDFSA Firm Reference No. F000151 Notice No. W141/2006 THE DFSA HEREBY GIVES NOTICE THAT:
1. The Rules specified in the table herein do not apply to the above mentioned Person.AND
2. The Rules specified in Table B herein do not apply to the above mentioned Person the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 7 June 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A below.
Module Version Rule AUT/VER4/04-06 Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule Modified Text AUT 11.2.1 11.2.1 An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who: (a)has been assessed by the Authorised Firm as competent to perform that Licensed Function in accordance with Rule 11.2.2.; and(b) in respect of the Licensed Function of Licensed Representative;(i) that individual holds, or is exempt from having to hold, a relevant qualification in accordance with Rule 11.3.1; or(ii) only performs that Licensed Function while under appropriate supervision by an Authorised Individual assessed as competent under Rule 11.2.2 and Rule 11.3.1 in respect of the same activity.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalization of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director
AuthorisationDate : 7 June 2006 W 142/06 GEN, AUT, PIB — RFIB Middle East
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WAIVER AND MODIFICATION NOTICE
To RFIB Middle East Address 10th floor, Capricorn Tower, Sheihk Zayed Road,
PO Box 114444, Dubai, UAEDFSA Firm Reference No. F000446 Notice No. W142/2006 THE DFSA HEREBY GIVES NOTICE THAT:
(1) The Rules specified in Table A herein do not apply to the above mentioned Person;AND
(2) The Rules specified in Table B herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 18 June 2006 and expires on 18 December 2006.
RULES WAIVED
The Rules waived are set out in Table A below.
TABLE A
Module Version Rule GEN/VER10/06-06 GEN 6.4.2, GEN A5.2.1 AUT/VER5/06-06 AUT 8.2.2, AUT 8.2.3, AUT 10.3.4 & AUT 10.3.5 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates are AUT/VER5/06-06 and PIB/VER6/06-06.
TABLE B
Rule Modified Text AUT 10.3.1 The above mentioned Person must ensure that
that An Authorised Firm must makethe following positionsappointments and ensure that theyare held by Mr Anthony David Harris who will be anone or moreAuthorised Individualsat all times:
(a) Senior Executive Officer;
(b) Finance Officer;
(c) Compliance Officer; and
(d) Money Laundering Reporting Officer.AUT 10.3.2 The Authorised Individuals referred to in Rule 10.3.1
(a), (c) and (d)must be ordinarily resident in the U.A.E.PIB 1.6.1 (1)Annual returns must be signed by two officers of an Authorised Firm who are Directors, Partners or Persons previously approved by the DFSA for this purpose.(2) Quarterly returns must be signed by an officer of an Authorised Firm who is either a Director, Partner or Person previously approved by the DFSA for this purpose.PIB A7.1.1 Applies in the form set out in that provision subject to the omission of any references in that provision to Quarterly returns.
CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 18 June 2006 W 143/06 GEN, AUT, PIB — Alliance International Reinsurance Co Ltd
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WAIVER / MODIFICATION NOTICE
To Alliance International Reinsurance Co Ltd Address Suite W403, 4th Floor, The Gate, 1 Gate Drive, Gate District,
DIFC, PO Box 73323, Dubai, UAEDFSA Firm Reference No. F000017 Notice No. W143/2006 THE DFSA HEREBY GIVES NOTICE THAT:
(1) The Rules specified in Table A herein do not apply to the above mentioned Person;AND
(2) The Rules specified in Table B herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 18 June 2006 and expires on 18 December 2006.
RULES WAIVED
The Rules waived are set out in Table A below.
TABLE A
Module Version Rule GEN/VER10/06-06 GEN 6.4.2, GEN A5.2.1 AUT/VER5/06-06 AUT 8.2.2, AUT 8.2.3, AUT 10.3.4 & AUT 10.3.5 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates are GEN/VER10/06-06, AUT/VER5/06-06, COB/VER6/06/06 and PIB/VER6/06-06.
TABLE B
Rule Modified Text GEN Rule 2.19.1 (1) In Rule 2.2.2 Insurance Intermediation means:(a) advising on insurance;(b)acting as agent for another Person in relation to the buying or selling of insurance for that other Person; or(c)making arrangements with a view to another Person, whether as principal or agent, buying insurance.(2) In (1)(a), 'advising' means giving advice:(a) which is given to a Person in his capacity as a policyholder or potential policyholder, or in his capacity as agent for a policyholder or potential policyholder on the merits of his entering into a Contract of Insurance whether as principal or agent; or(b)that constitutes generic advice.(3) In (2)(a), 'advice' includes a statement, opinion or report:(a) where the intention is to influence a Person, in making a decision, to select a particular Contract of Insurance or insurance cover; or(b) which could reasonably be regarded as being intended to have such influence.(34) In (2)(b), 'generic advice' means any communication, subject to (45), that:(a) contains information about a particular Contract of Insurance or insurance cover; and(b) could reasonably be regarded as being intended to influence a Person when making a decision relating to any particular Contract of Insurance or type of insurance cover to which the communication relates,although the communication does not contain any advice on the merits of the Particular person entering into those Contracts of Insurance or obtaining insurance cover referred to in the communication.(45) Any communication which contains generic advice where issued by or on behalf of a government or government entity does not constitute generic advice for the purposes of this Rule.(56) The arrangements in (1)(c) include:(a) arrangements which do not bring about the transaction; and(b) making invitations or, engaging in any other conduct with a view to influencing another Person when making a decision in relation to a particular Contract of Insurance or insurance cover.(67) In (56)(b):(a)invitations mean any communications that directly or indirectly invite a Person to enter into a particular Contract of Insurance; and(b)other conduct means any conduct, though not amounting to an invitation, that can be viewed as a step in the chain that directly or indirectly leads a Person to enter in to a particular Contract of Insurance.AUT 10.3.1 The above mentioned Person must ensure that that An Authorised Firm must makethe following positionsappointments and ensure that theyare held by Mr Thiruvengadaswamy Raghuraman who will be anone or moreAuthorised Individualsat all times:(a) Senior Executive Officer;(b) Finance Officer;(c) Compliance Officer; and(d) Money Laundering Reporting Officer.AUT 10.3.2 The Authorised Individual sreferred to in Rule 10.3.1(a), (c) and (d)must be ordinarily resident in the U.A.E.PIB 1.6.1 1.6.1(1)Annual returns must be signed by two officers of an Authorised Firm who are either Directors, Partners or Persons previously approved by the DFSA for this purpose.(2) Quarterly returns must be signed by an officer of an Authorised Firm who is either a Director, Partner or Person previously approved by the DFSA for this purpose.PIB A7.1.1 A7.1.1 Applies in the form set out in that provision subject to the omission of any references in that provision to Quarterly returns.CONDITIONS
(a) The above mentioned Person is restricted to advising on insurance where that advice constitutes generic advice as defined for the purposes of Rule 2.19.1.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 18 June 2006 W 144/06 GEN, AUT, PIB — JLT Risk Solutions Limited
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WAIVER AND MODIFICATION NOTICE
To JLT Risk Solutions Limited Address The Fairmont, Suite 712, Sheihk Zayed Road,
PO Box 24459, Dubai, UAEDFSA Firm Reference No. F000014 Notice No. W144/2006 THE DFSA HEREBY GIVES NOTICE THAT:
(1) The Rules specified in Table A herein do not apply to the above mentioned Person;AND
(2) The Rules specified in Table B herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 18 June 2006 and expires on 17 December 2006.
RULES WAIVED
The Rules waived are set out in Table A below.
TABLE A
Module Version Rule GEN/VER10/06-06 GEN 6.4.2, GEN A5.2.1 AUT/VER5/06-06 AUT 8.2.2, AUT 8.2.3, AUT 10.3.4 & AUT 10.3.5 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates are AUT/VER5/06-06 and PIB/VER6/06-06.
TABLE B
Rule Modified Text AUT 10.3.1 The above mentioned Person must ensure that
that An Authorised Firm must makethe following positionsappointments and ensure that theyare held by Mr Michael Whateley Good who will be anone or moreAuthorised Individualsat all times:
(a) Senior Executive Officer;
(b) Finance Officer;
(c) Compliance Officer; and
(d) Money Laundering Reporting Officer.AUT 10.3.2 The Authorised Individuals referred to in Rule 10.3.1
(a), (c) and (d)must be ordinarily resident in the U.A.E.PIB 1.6.1 (1)Annual returns must be signed by two officers of an Authorised Firm who are Directors, Partners or Persons previously approved by the DFSA for this purpose.(2) Quarterly returns must be signed by an officer of an Authorised Firm who is either a Director, Partner or Person previously approved by the DFSA for this purpose.PIB A7.1.1 Applies in the form set out in that provision subject to the omission of any references in that provision to Quarterly returns.
CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 18 June 2006 W 145/06 PIB — Jefferies International Limited
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WAIVER NOTICE
To Jefferies International Limited Address Level 41, Emirates Towers Offices, Sheikh Zayed Road,
Dubai, United Arab EmiratesDFSA Firm Reference No. F000289 Notice No. W145/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 31st August 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Financial Services Authority, within ten business days of the due date for submission to the Financial Services Authority.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 31st August 2006 W 146/06 REC — Jefferies International Limited
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WAIVER NOTICE
To Jefferies International Limited Address Bracken House
Level 4
One Friday Street
London EC4M9JADFSA Firm Reference No. F000289 Notice No. W146/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 20 June 2006, until further notice, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule REC/VER2/08-05 REC 7.2.2 (a) CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Acting Chief Executive Date : 20 June 2006 W 147/06 GEN, AUT, COB, PIB — Volaw Trust & Corporate Services Limited
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WAIVER / MODIFICATION NOTICE
To Volaw Trust & Corporate Services Limited Address 1004 Al Safa Tower, Sheikh Zayed Road,
PO Box 73120, Dubai UAEDFSA Firm Reference No. F000047 Notice No. W147/2006 THE DFSA HEREBY GIVES NOTICE THAT:
(1) The Rules specified in Table A herein do not apply to the above mentioned Person;AND
(2) The Rules specified in Table B herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 18 June 2006 and expires on 17 June 2007.
RULES WAIVED
The Rules waived are set out in Table A below.
TABLE A
Module Version Rule GEN/VER10/06-06 GEN 6.4.2 and GEN A5.2.1 AUT/VER5/06-06 AUT 8.2.2, AUT 8.2.3, AUT 10.3.4 and AUT 10.3.5 COB/VER6/06-06 COB 3.2.4, COB 3.2.5, COB 3.2.6 and COB 6.2 RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The versions of Rules to which this part of the notice relates are GEN/VER10/06-06, AUT/VER5/06-06, COB/VER6/06/06 and PIB/VER6/06-06.
TABLE B
Rule Modified Text GEN Rule 2.11.1 (1) In Rule 2.2.2 Advising on financial products or credit means giving advice which:(a) is given to a Person in his capacity as an investor or potential investor, or in his capacity as agent for an investor or a potential investor on the merits of his buying, selling, holding, subscribing for or underwriting a particular financial product (whether as principal or agent); or(b) is given to a Person in his capacity as a borrower or potential borrower or as agent for a borrower or potential borrower on the merits of his entering into a particular Credit Facility; or(c)constitutes generic advice. [Added][VER6/06-06](2) Advice in (1)(a) and (b) includes a statement, opinion or report:(a) where the intention is to influence a Person, in making a decision, to select a particular financial product or an interest in a particular financial product or to enter into a particular Credit Facility; or(b) which could reasonably be regarded as being intended to have such an influence.(23) In (1)(c), 'generic advice' means any communication, subject to (34), that:(a) contains information about a particular financial product or Credit Facility; and(b) could reasonably be regarded as being intended to influence a Person when making a decision relating to any financial product or Credit Facility to which the communication relates,although the communication does not contain any advice on the merits of that Particular person entering into a transaction to buy, sell, hold, subscribe for or underwrite those financial products or enter into a particular Credit Facility, whether as principal or agent. [Added][VER6/06-06](34) Any communication which contains generic advice where issued by or on behalf of a government or government entity does not constitute generic advice for the purposes of this Rule. [Added][VER10/06-06]AUT 10.3.1 The above mentioned Person must ensure that that An Authorised Firm must makethe following positionsappointments and ensure that theyare held by James Gordon Hume who will be anone or moreAuthorised Individualsat all times:(a) Senior Executive Officer;(b) Finance Officer;(c) Compliance Officer; and(d) Money Laundering Reporting Officer.AUT 10.3.2 The Authorised Individual sreferred to in Rule 10.3.1(a), (c) and (d)must be ordinarily resident in the U.A.E.COB Rule 3.2.2 (1) A Client is a Person who the Authorised Firm has determined, prior to the establishment of a relationship, is:(a) an individual who:(i)has at least $1 million in liquid assetsand has provided the Authorised Firm with written confirmation of this fact;(ii) appears to the Authorised Firm, after analysis, to have sufficient financial experience and understanding to participate in financial markets; and(iii) has consented in writing to being treated as a Client;(b) an individual who:(i) is an employee of the Authorised Firm; and(ii) meets the conditions in (1)(a)(ii) and (iii);(bc) an Undertakingwhich has had, or any of whose Holding Companies or Subsidiaries has had, in the last two years, called up share capital or net assets of at least $5 million. In the case of a limited liability partnership calculated without deducting loans owing to any of the partners;(d) a trustee of a trust or pension fund which has had in the last two years assets of at least $5 million calculated by aggregating the value of the cash and investments forming part of the trust's or fund's assets, but before deducting its liabilities;(e)a properly constituted government, government agency, central bank or other national monetary authority of any country or jurisdiction;(f)a public authority or state investment body;(g)a supranational organisation whose members are either countries, central banks or national monetary authorities;(h)an Authorised Firm or Regulated Financial Institution;(i)an Authorised Market Institution, regulated exchange or regulated clearing house;(j) an Undertaking which is a Holding Company or Subsidiary of an Undertaking in (h) or (i) with that undertakings consent;(k) a Body Corporate whose shares are listed or admitted to trading on any regulated exchange of an IOSCO member country; or(l) a Collective Investment Fund or Special Purpose Vehicle.(2) Any Person who does not meet the criteria in (1) is a Retail Customer.Guidance1. In obtaining an individual's consent in Rule 3.2.2(1)(a)(iii) and (b)(ii) the DFSA expects an Authorised Firm to inform the individual of the consequences of being treated as a Client.2.This may include a statement that the DIFC is a wholesale jurisdiction and the individual will not be afforded the retail customer protections and compensation rights that may generally be available to them in other jurisdictions.3.Liquid assets
3.2.3 For the purpose of Rule 3.2.2(a)(i), liquid assets are cash or assets which can be readily converted into cash, including but not limited to marketable securities, government bonds, treasury bills and notes that mature within 90 days.PIB 1.6.1 1.6.1(1)Annual returns must be signed by two officers of an Authorised Firm who are either Directors, Partners or Persons previously approved by the DFSA for this purpose.(2) Quarterly returns must be signed by an officer of an Authorised Firm who is either a Director, Partner or Person previously approved by the DFSA for this purpose.PIB A7.1.1 A7.1.1 applies in the form set out in that provision subject to the omission of any references in that provision to Quarterly Returns.CONDITIONS
(a) The above mentioned Person is restricted to advising on financial products or credit where that advice constitutes generic advice as defined for the purposes of Rule 2.2.2.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 29 June 2006 W 148/06 PIB — Goldman Sachs International
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WAIVER NOTICE
To Goldman Sachs International Address Business Centre, Level 12, The Gate, DIFC, P.O. Box
121208, Dubai, UAEDFSA Firm Reference No. F000297 Notice No. W148/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 6 August 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER6/06-06 PIB 1, Section 1.2 & 1.4 (Financial Resources & The Trading Book) PIB/VER6/06-06 PIB 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Financial Services Authority (”FSA”), within ten business days of the due date for submission to the FSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 6 August 2006 W 149/06 AUT — Goldman Sachs International
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MODIFICATION NOTICE
To Goldman Sachs International Address Business Centre, Level 12, The Gate, DIFC, P.O. Box
121208, Dubai, UAEDFSA Firm Reference No. F000297 Notice No. W149/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 6 August 2006 and remains in effect until 5 February 2007, or the date on which any Rule specified herein is amended, whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER5/06-06.
Rule Modified Text AUT 10.3.2 The Authorised Individuals referred to in AUT rule 10.3.1(a) , (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 6 August 2006 W 150/06 PIB — Fortis Bank
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WAIVER NOTICE
To Fortis Bank Address Level 5, East Wing, The Gate Building, PO Box 211104,
DIFC, Dubai, UAEDFSA Firm Reference No. F000298 Notice No. W150/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28th August 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in chapter PIB 1 is to be construed accordingly.
Module Version Rule PIB/VER7/08-06 Chapter PIB 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 Chapter PIB 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to Commission Bancaire, Financiere et des Assurances, within ten business days of the due date for submission to Commission Bancaire, Financiere et des Assurances.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28th August 2006 W 151/06 AUT — Fortis Bank
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MODIFICATION NOTICE
To Fortis Bank Address Level 5, East Wing, The Gate Building, PO Box 211104,
DIFC, Dubai, UAEDFSA Firm Reference No. F000298 Notice No. W151/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28th August 2006 and remains in effect until further notice or the date on which the current Chief Executive Officer, Merchant Banking — Specialised Finance ceases his office, which ever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER6/08-06.
Rule Modified Text AUT 10.2.2
AUT 10.3.4Licensed Functions:
Senior executive officer
(a) …………
Licensed director
(b) Subject to Rule 10.3.3, the Licensed Director function is carried out by an individual who is a Director of an Authorised Firm which is either a Body Corporate or an unincorporated association or by the Chief Executive Officer, Merchant Banking — Specialised Finance.
Licensed partner
(c) ……..and so on until...(i).
An Authorised Firm which is a Body Corporate, other than a Limited Liability Partnership:
(a) whose head office and registered office is located in the DIFC, must register with the DFSA all of its Directors as Licensed Directors; or
(b) whose head office and registered office is not located in the DIFC must register with the DFSA at least one of its Directors or the Chief Executive Officer, Merchant Banking — Specialised Finance as a Licensed Director who is ultimately responsible for the Authorised Firm’s Financial Services carried on in or from the DIFC.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28th August 2006 W 152/06 AUT — Jefferies International Limited
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MODIFICATION NOTICE
To Jefferies International Limited Address Level 41, Emirates Towers Offices, Sheikh Zayed Road, Dubai,
United Arab EmiratesDFSA Firm Reference No. F000289 Notice No. W152/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 31st August 2006 and expires on 28th February 2006, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER6/08-06.
Rule Modified Text AUT 10.3.2 The Authorised Individuals referred to in AUT rule 10.3.1(a) , (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 31st August 2006 W 153/06 AUT — Lehman Brothers International (Europe)
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MODIFICATION NOTICE
To Lehman Brothers International (Europe) Address 25 Bank Street, London E14 5LE
United KingdomDFSA Firm Reference No. F000278 Notice No. W153/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 28th August 2006 and expires on 28th February 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER6/08-06.
Rule Modified Text AUT 10.3.2 The Authorised Individual sreferred to in AUT rule 10.3.1(a), (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 28th August 2006 W 155/06 COB — Credit Suisse
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WAIVER NOTICE
To Credit Suisse Address The Gate Building, 9th Floor East, DIFC,
PO Box 33660,
Dubai, UAEDFSA Firm Reference No. F000011 Notice No. W155/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 11 July 2006 and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule NOT APPLICABLE COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 11 July 2006 W 156/06 COB — Julius Baer (Middle East) Limited
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WAIVER NOTICE
To Julius Baer (Middle East) Limited Address Level 5, Emirates Tower, Dubai, United Arab Emirates DFSA Firm Reference No. F000001 Notice No. W156/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of this Notice and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule NOT APPLICABLE COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from the COB 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 13 July 2006 W 157/06 COB — Permal Investment Management Services Ltd
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WAIVER NOTICE
To Permal Investment Management Services Ltd Address DIFC, The Gate, Level 8
PO Box 211218
Dubai, UAEDFSA Firm Reference No. F000012 Notice No. W157/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of this Notice and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB/VER6/06-06 COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 12 July 2006 W 158/06 COB — NBK Capital Ltd
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WAIVER NOTICE
To NBK Capital Ltd Address Business Centre
Level 12, The Gate
Dubai, UAEDFSA Firm Reference No. F000150 Notice No. W158/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of this Notice and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB/VER6/06-06 COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 12 July 2006 W 159/06 COB — IXIS Asset Management UK Ltd
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WAIVER NOTICE
To IXIS Asset Management UK Ltd Address Convention Centre
Grand Hyatt Dubai
PO Box 118257
Dubai, UAEDFSA Firm Reference No. F000234 Notice No. W159/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of this Notice and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB/VER6/06-06 COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 12 July 2006 W 160/06 COB — Man Investments Middle East Limited
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WAIVER NOTICE
To Man Investments Middle East Limited Address Level 5, West Wing, The Gate, DIFC, United Arab Emirates DFSA Firm Reference No. F000066 Notice No. W160/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This Notice comes into effect on the date of this Notice and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule NOT APPLICABLE COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 13 July 2006 W 161/06 COB — Mellon Global Investments Limited
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WAIVER NOTICE
To Mellon Global Investments Limited Address Level 42, Emirates Towers, Sheikh Zayed Rd, Dubai, United
Arab EmiratesDFSA Firm Reference No. F000007 Notice No. W161/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This Notice comes into effect on the date of this Notice and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule NOT APPLICABLE COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 13 July 2006 W 163/06 COB — Superfund Finance (Middle East) Limited
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WAIVER NOTICE
To Superfund Finance (Middle East) Limited Address C/o Dubai International Finance Centre, Level 12, The Gate,
DIFC, United Arab EmiratesDFSA Firm Reference No. F000158 Notice No. W163/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on the date of this Notice and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule NOT APPLICABLE COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 19 July 2006 W 166/06 COB — Deutsche Bank AG
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WAIVER NOTICE
To Deutsche Bank AG Address The Gate, West Wing, Level 3, PO Box 504902, Dubai, UAE DFSA Firm Reference No. F000045 Notice No. W166/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 24 July 2006 and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB/VER6/06-06 COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 July 2006 W 168/06 PIB — CELF Investment Advisors Limited
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WAIVER NOTICE
To CELF Investment Advisors Limited Address Office No.11 and 19, Level 12, The Gate Building, Dubai
International Financial Centre, Dubai, Unite Arab EmiratesDFSA Firm Reference No. F0003000 Notice No. W168/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 14 November 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to its Financial Services Authority United Kingdom, within ten business days of the due date for submission to Financial Services Authority United Kingdom.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 14 November 2006 W 169/06 COB — Lloyds TSB Offshore Limited
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WAIVER NOTICE
To Lloyds TSB Offshore Limited Address Level 4, The Gate, DIFC, PO Box 121404, Dubai, UAE DFSA Firm Reference No. F000192 Notice No. W169/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 25 July 2006 and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB/VER6/06-06 COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 25 July 2006 W 173/06 CIR — Argent Financial Group International LLP
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MODIFICATION NOTICE
To Argent Financial Group International LLP Address Building #3, 3rd Floor Dubai International Financial Centre, Dubai, UAE DFSA Firm Reference No. F000116 Notice No. W173/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 15 August 2006 and expires on 15 February 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is CIR/VER1/04-06
Rule Modified Text CIR Rule 6.2.2(1)(a) (1) An Operator must ensure that the following activities, whether performed by the Operator itself or performed by a Fund Administrator appointed by the Operator under a Delegation Arrangement, are performed in the DIFC:(a)asset pricing and Fund valuation;(b)(a) issuing and redeeming the Fund’s Units; and(c)(b) record keeping and maintaining the Unitholders register.CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Joyce C. Maykut QC Position : General Counsel Date : 15 August 2006 W 174/06 GEN — Liberty Mutual Insurance Europe Limited
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MODIFICATION NOTICE
To Liberty Mutual Insurance Europe Limited Address Al Murooj Rotana Hotel & Suites, Al Saffa Street, PO Box
117546, Dubai, UAEDFSA Firm Reference No. F000264 Notice No. W174/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 22 November 2006 and expires on 21 November 2009 or the date on which any Rule specified herein is amended, whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER10/06-06.
Rule Modified Text GEN 8.2.1 (1) (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a)the International Financial Reporting Standards (IFRS); or(b)the generally accepted accounting principles of the United Kingdom (UKGAAP);unless (2) or (3) applies.(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).
If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial Business.GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a)conduct an audit of the Authorised Person's accounts in accordance with the requirements of the relevant standards published by:(i)in respect of conventional financial business — the International Auditing and Assurance Standards Board (IAASB) or the generally accepted auditing principles of the United Kingdom; and(ii)in respect of any Islamic Financial Business — the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI);…………..(b)produce an Auditor's Annual Report which states whether:(i)the auditor has audited the Authorised Person's annual financial statements in accordance with the IAASB or the generally accepted auditing principles of the United Kingdom, and AAOIFI in respect of Islamic Financial Business;(ii)the auditor has carried out any other procedures considered necessary, having regard to the IAASB or the generally accepted auditing principles of the United Kingdom, and AAOIFI in respect of Islamic Financial Business;…………………CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 22 November 2006 W 175/06 PIB — Alliance International Reinsurance Public Company Limited
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WAIVER NOTICE
To Alliance International Reinsurance Public Company Limited Address Level 4, Suite W403, The Gate, DIFC, Dubai, UAE DFSA Firm Reference No. F000017 Notice No. W175/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table below do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 14 August 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule PIB/VER6/06-06 PIB Chapter 1, Section 1.2 (Financial Resources) PIB/VER6/06-06 PIB Chapter 2, all sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that:
The waivers in respect of the Rules specified above remain in effect on condition that Alliance International Reinsurance Public Company Limited submits to the DFSA, on an annual basis, a copy of its latest Capital Adequacy Summary report to the Cypriot Ministry of Finance Insurance Companies Control Service within ten business days of the due date for submission to the Cypriot Ministry of Finance Insurance Companies Control Service.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Joyce Maykut Position : General Counsel Date : 14 August 2006 W 179/06 GEN — ICICI Bank Limited
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MODIFICATION NOTICE
To ICICI Bank Limited Address Suite 712
Rak Businessmen Centre
The Fairmont Hotel
Shaikh Zayed Road
PO Box 24459
Dubai UAEDFSA Firm Reference No. F000068 Notice No. W179/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 17 August 2006 and expires on 16 August 2009 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is GEN/VER11/08-06.
Rule Modified Text GEN 8.2.1(1) (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) Indian GAAP reconciled to US GAAP;unless (2) or (3) applies.GEN 8.6.1(1) An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) in respect of conventional financial business — the International Auditing and Assurance Standards Board (IAASB) or the Auditing Standards of the Public Company Accounting Oversight Board of the United States (PCAOB); and(ii) in respect of any Islamic Financial Business — the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI);(b) ..............(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or PCAOB, and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or PCAOB, and AAOIFI in respect of Islamic Financial Business;
.....................CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Joyce Maykut Position : General Counsel Date : 17 August 2006 W 180/06 GEN — AIG MEMSA General Insurance Company Limited
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MODIFICATION NOTICE
To AIG MEMSA General Insurance Company Limited Address Level 11, The Gate, Dubai International Financial Centre, PO Box 117719, Dubai, United Arab Emirates DFSA Firm Reference No. F000016 Notice No. W180/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 22 August 2006 and remains in effect until 22 August 2009 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER11/08-06
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting standards of the United States (USGAAP); unless (2) or (3) applies.(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial BusinessGEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) in respect of conventional financial business — the International Auditing and Assurance Standards Board (IAASB) or the generally accepted auditing standards of the United States; and(ii) in respect of any Islamic Financial Business — the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI);(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or the generally accepted auditing standards of the United States, and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or the generally accepted auditing standards of the United States, and AAOIFI in respect of Islamic Financial Business;CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Martin Kinsky Position : Managing Director, Markets Date : 22 August 2006 W 181/06 AUT — UBS AG
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MODIFICATION NOTICE
To UBS AG Address 12th Floor, The Gate Building, DIFC, Dubai, UAE DFSA Firm Reference No. F000321 Notice No. W181/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 13th September 2006 and remains in effect until further notice or the date on which the current Executive Chairman of the Middle East Group for UBS Investment Bank ceases his office, which ever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER6/08-06
Rule Modified Text AUT 10.2.2 Licensed Functions:
Senior executive officer
(a) .........
Licensed director
(b) Subject to Rule 10.3.3, the Licensed Director function is carried out by an individual who is a Director of an Authorised Firm which is either a Body Corporate or an unincorporated association or by the Executive Chairman of the Middle East for UBS Investment Bank.
Licensed partner
(c) ......and so on until...(i).AUT 10.3.4 An Authorised Firm which is a Body Corporate, other than a Limited Liability Partnership:
(a) whose head office and registered office is located in the DIFC, must register with the DFSA all of its Directors as Licensed Directors; or
(b) whose head office and registered office is not located in the DIFC must register with the DFSA at least one of its Directors or the Executive Chairman of the Middle East for UBS Investment Bank as a Licensed Director who is ultimately responsible for the Authorised Firm’s Financial Services carried on in or from the DIFC.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 13th September 2006 W 182/06 PIB — UBS AG
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WAIVER NOTICE
To UBS AG Address 12th Floor, The Gate Building, DIFC, Dubai, UAE DFSA Firm Reference No. F000321 Notice No. W182/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 13th September 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB Chapter 1 is to be construed accordingly.
Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of UBS AG’s latest Capital Adequacy summary report submitted to the Eidgenössische Bankenkommission (“EBK”), within ten business days of the due date for submission to the EBK.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 13th September 2006 W 183/06 COB — UBS AG
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MODIFICATION NOTICE
To UBS AG Address 12th Floor, The Gate Building, DIFC, Dubai, UAE DFSA Firm Reference No. F000321 Notice No. W183/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 13th September 2006 and expires on 12th September 2007 or the date on which any rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is COB/VER7/08-06
Rule Modified Text COB 3.2.2 (1) A Client is a Person who the Authorised Firm has determined, prior to the establishment of a relationship, is:
(a) an individual who:
(i) has at least $1 million in liquid assets and has provided the Authorised Firm with written confirmation of this fact;
(ii) appears to the Authorised Firm, after analysis, to have sufficient financial experience and understanding to participate in financial markets;
(iii) has consented in writing to being treated as a Client; or
(iv) was a customer of the UBS AG Group immediately prior to the Authorised Firm’s authorisation by the DFSA and:(a) the Authorised Firm or any relevant entity within the Group has confirmed in writing that the customer meets the requirements in (i) and (ii); and(b) the customer has been notified in writing by the Authorised Firm, and he has not objected, to being treated as a Client for the purposes of the DFSA Rulebook prior to his account being transferred to the Authorised Firm.
(b) ......and so on until......(l)CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 13th September 2006 W 184/06 COB — Superfund Financial (Middle East) Limited
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WAIVER NOTICE
To Superfund Financial (Middle East) Limited Address Gate Precinct Building 3, Level 6 East, DIFC DFSA Firm Reference No. F000158 Notice No. W184/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the date of this Notice and expires on the 31 October 2006 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB/VER 7/08-06 COB 6.9.1 to COB 6.9.5 inclusive. CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 August 2006 W 185/06 GEN — Takaful Re Limited
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MODIFICATION NOTICE
To Takaful Re Limited Address Suite 3, Level 4, Precinct Building 3, The Gate District, Dubai
International Financial Centre, PO Box 211181, Dubai UAEDFSA Firm Reference No. F000067 Notice No. W185/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 20 August 2006 and expires on 1 December 2007, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER11/08-06
Rule Modified Text GEN A 4.1.3 (1) The classes of non-life insurance are as follows:Class 1 — Accident(a) Contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity, or a combination of both, against risks of the Person insured:(i) sustaining injury as the result of an accident or of an accident of a specified class;(ii) dying as the result of an accident or of an accident of a specified class; or(iii) becoming incapacitated in consequence of disease or of disease of a specified class;inclusive of contracts relating to industrial injury and occupational disease.Class 2 — Sickness(b) Contracts of insurance providing fixed pecuniary benefits or benefits in the nature of indemnity, or a combination of the two, against risks of loss to the Persons insured attributable to sickness or infirmity.(c) ..... and so on ... up to Class 8(2) For the purposes of classification in (1), in relation to a Contract of Insurance on human life, such a contract may be classified as Class 1 or Class 2, provided that:(a) the benefits are not to be determined, in whole or in part, by reference to the value of, or the income from, property of any description (whether or not specified in the contracts) or by reference to the fluctuations in, or in an index of, the value of property of any description (whether or not so specified); and(b) it is a contract of reinsurance where the underlying contract fulfils conditions (a)CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that this modification has effect only for so long as the gross annual premiums attributable to contracts of the type specified in GEN A 4.1.3(2) do not exceed $2 million.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Joyce Maykut QC Position : General Counsel Date : 20 August 2006 W 186/06 PIB — FIMBank p.l.c.
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WAIVER NOTICE
To FIMBank p.l.c. Address Apartment 2302, Al Attar Tower
Sheikh Zayed Road, PO Box 2260
Dubai, United Arab EmiratesDFSA Firm Reference No. F000262 Notice No. W186/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 19th October 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Malta Financial Services Authority (MFSA), within ten business days of the due date for submission to the MFSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Joyce C. Maykut QC Position : General Counsel Date : 19th October 2006 W 187/06 AUT — FIMBank p.l.c.
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MODIFICATION NOTICE
To FIMBank p.l.c. Address Apartment 2302, Al Attar Tower
Sheikh Zayed Road, PO Box 2260
Dubai, United Arab EmiratesDFSA Firm Reference No. F000262 Notice No. W187/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 19th October 2006 and remains in effect until 19th April 2007, or the date on which any Rule specified herein is amended, whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER6/08-06.
Rule Modified Text AUT 10.3.2 The Authorised Individuals referred to in AUT rule 10.3.1(a) , (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Joyce C. Maykut QC Position : General Counsel Date : 19th October 2006 W 189/06 CIR — NewDawn GSE Asset Management Limited
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MODIFICATION NOTICE
To NewDawn GSE Asset Management Limited Address Level 13, East Wing, The Gate
Dubai International Financial Centre, Dubai, UAEDFSA Firm Reference No. F000301 Notice No. W189/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 21 September 2006 and expires on 20 March 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is CIR/VER2/08-06.
Rule Modified Text Rule CIR 6.2.2(1)(a) (1) An Operator must ensure that the following activities, whether performed by the Operator itself or performed by a Fund Administrator appointed by the Operator under a Delegation Arrangement, are performed in the DIFC:(a)asset pricing and Fund valuation;(b)(a) issuing and redeeming the Fund’s Units; and(c)(b) record keeping and maintaining the Unitholders register.CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director,
AuthorisationDate : 21 September 2006 W 190/06 COB — Fortis Banque (Suisse) S.A
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WAIVER NOTICE
To Fortis Banque (Suisse) S.A Address The Gate — Level 5, East Wing, P.O. Box 211104, Dubai, United Arab Emirates DFSA Firm Reference No. F000050 Notice No. W190/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice came into effect on the date of this notice and expires on 30 September 2006.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule COB VER 6/06/06 COB 6.9.7 CONDITIONS
The waiver in respect of the Rule specified above remains in effect for the duration of the period set out above on condition that the above named Person when undertaking transactions in respect of the Units of a Foreign Fund maintains records:
(a) of the name of the Fund and its Operator; and(b) unless the above named Person has an effective waiver from COB Rule 6.9.5, that Person must also maintain records of:(i) whether it is a Designated Fund and, if so, in which Recognised Jurisdiction it is authorised or approved; and(ii) if the Fund is not a Designated Fund, the Recognised Jurisdiction in which its Investment Manager and Eligible Custodian are authorised or licensed and supervised by a Financial Services Regulator or alternatively whether the manager or custodian are licensed by the DFSA.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 August 2006 W 191/06 OSR — Fortune Management Inc
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MODIFICATION NOTICE
To Fortune Management Inc Address PO Box 113128
7th Floor
Dubai world Trade Centre
Dubai UAEDFSA Firm Reference No. F000273 Notice No. W191/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 30 August 2006 and expires on 31 December 2006 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is OSR_Apps1_3_VER5_06-06.
Rule Modified Text OSR Appendix 2.1.16 Interim financial
statementsRequirements (a) A Reporting Entity must publish a semi-annual financial statement for the first six months of each financial year or period; and(b) ……………Time
Without delay and in any event no later than6090 days of the end of the period to which the statement relates.CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
(a) None.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Officer Date : 29 August 2006 W 192/06 PIB — State Bank of India
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WAIVER NOTICE
To State Bank of India Address Office #201, 2nd Floor, Al Attar Towers
Sheikh Zayed Road,
Dubai, United Arab EmiratesDFSA Firm Reference No. F000239 Notice No. W192/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 14th December 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Reserve Bank of India’s (RBI’s), within ten business days of the due date for submission to the RBI.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 14th December 2006 W 193/06 OSR — Hikma Pharmaceuticals Plc
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MODIFICATION NOTICE
To Hikma Pharmaceuticals Plc Address Broadwalk House
5 Appold Street
London, EC2A 2HA
United KingdomDFSA Firm Reference No. F000276 Notice No. W193/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 30 August 2006 and expires on 31 December 2006 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is (b) OSR_Apps1_3_VER5_06-06.
Rule Modified Text OSR Appendix 2.1.16 Interim financial
statementsRequirements (a) A Reporting Entity must publish a semi-annual financial statement for the first six months of each financial year or period; and(b) ……………Time
Without delay and in any event no later than6090 days of the end of the period to which the statement relates.CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
(a) None.INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Officer Date : 30 August 2006 W 194/06 REC — UBS AG
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WAIVER NOTICE
To UBS AG Address 12th Floor, The Gate Building, DIFC, Dubai, UAE DFSA Firm Reference No. F000321 Notice No. W194/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 13th September 2006, until further notice, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule REC/VER2/08-05 REC 7.2.2 (a) An applicant for Recognition must not be an Authorised Firm or an applicant to be an Authorised Firm CONDITIONS
All deals to be executed from the London office (principle place of business).
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 13th September 2006 W 195/06 AUT — JPMorgan Chase Bank, N.A.
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MODIFICATION NOTICE
To JPMorgan Chase Bank, N.A. Address The Business Centre, Level 12, The Gate Building, DIFC,
P.O. Box 506551, Dubai, UAEDFSA Firm Reference No. F000327 Notice No. W195/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 27 September 2006 and remains in effect until 27 March 2007, or the date on which any Rule specified herein is amended, whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER6/08-06Rule Modified Text AUT 10.3.2 The Authorised Individuals referred to in Rule 10.3.1(a) , (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
Name : Jane Coakley Position : Managing Director
AuthorisationDate : 27 September 2006 W 196/06 CIR — Mashreq Capital (DIFC) Limited
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MODIFICATION NOTICE
To Mashreq Capital (DIFC) Limited Address Mashreq Bank Building
Omar Bin Al Khattab Street, Deira
Dubai, UAEDFSA Firm Reference No. F000178 Notice No. W196/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 25 September 2006 and expires on 24 March 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is CIR/VER2/08-06.
Rule Modified Text Rule CIR 6.2.2(1)(a) (1) An Operator must ensure that the following activities, whether performed by the Operator itself or performed by a Fund Administrator appointed by the Operator under a Delegation Arrangement, are performed in the DIFC:(a)asset pricing and Fund valuation;(b)(a) issuing and redeeming the Fund’s Units; and(c)(b) record keeping and maintaining the Unitholders register.CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 25 September 2006 W 197/06 AUT — JPMorgan Chase Bank, N.A.
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MODIFICATION NOTICE
To JPMorgan Chase Bank, N.A. Address The Business Centre, Level 12, The Gate Building, DIFC,
P.O. Box 506551, Dubai, UAEDFSA Firm Reference No. F000327 Notice No. W197/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 27 September 2006 and remains in effect until further notice or the date on which the current Head of Treasury Services, EMEA registered as Licensed Director by way of this Rule modification ceases his office, which ever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER6/08-06Rule Modified Text AUT 10.2.2 Licensed Functions:
Senior executive officer
(a) …………Licensed director
(b) Subject to AUT Rule 10.3.3, the Licensed Director function is carried out by an individual who is a Director of an Authorised Firm which is either a Body Corporate or an unincorporated association or by the Head of Treasury Services, EMEA.Licensed partner
(c) ……..and so on until and including….. (i).AUT 10.3.4 An Authorised Firm which is a Body Corporate, other than a Limited Liability Partnership:
(a) whose head office and registered office is located in the DIFC, must register with the DFSA all of its Directors as Licensed Directors; or(b) whose head office and registered office is not located in the DIFC must register with the DFSA at least one of its Directors or the Head of Treasury Services, EMEA as a Licensed Director who is ultimately responsible for the Authorised Firm’s Financial Services carried on in or from the DIFC.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director
AuthorisationDate : 27 September 2006 W 198/06 PIB — JPMorgan Chase Bank, N.A.
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WAIVER NOTICE
To JPMorgan Chase Bank, N.A. Address The Business Centre, Level 12, The Gate Building, DIFC,
P.O. Box 506551, Dubai, UAEDFSA Firm Reference No. F000327 Notice No. W198/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 27 September 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER7/08-06 PIB Chapter 1, PIB Section 1.2 & PIB Section 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Office of the Comptroller of Currency (”OCC”), within ten business days of the due date for submission to the OCC.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director
AuthorisationDate : 27 September 2006 W 199/06 GEN — JPMorgan Chase Bank, N.A.
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MODIFICATION NOTICE
To JPMorgan Chase Bank, N.A. Address The Business Centre, Level 12, The Gate Building, DIFC,
P.O. Box 506551, Dubai, UAEDFSA Firm Reference No. F000327 Notice No. W199/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 27 September 2006 and on 27 September 2009 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER11/08-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) US GAAP;unless (2) or (3) applies.(2) ..................(3) …………...GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published:(i) in respect of conventional financial business, by the International Auditing and Assurance Standards Board (IAASB), the Auditing Standards of the Public Company Accounting Oversight Board of the United States (PCAOB) or the Auditing Standards of The American Institute of Certified Public Accountants of the United States (AICPA); and(ii) in respect of any Islamic Financial Business, by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI);(b) ..............(c) produce an Auditor’s Annual Report which states whether:(d) ………….and so on until and including… (h).(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB, PCAOB or AICPA, and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB, PCAOB or AICPA, and AAOIFI in respect of Islamic Financial Business;CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director
AuthorisationDate : 27 September 2006 W 200/06 OSR — Deutsche Bank AG
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WAIVER NOTICE
To Deutsche Bank AG Address Deutsche Bank AG
Taunusanlage 12,
60325 Frankfurt am MainDFSA Firm Reference No. F000045 Notice No. W200/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 12th September 2006 and expires on the date on which any Rule specified herein is amended.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule OSR/VER5/06-06 OSR A2.4.1 (4) OSR/VER5/06-06 OSR A2.4.1 (9) OSR/VER5/06-06 OSR A2.4.1 (14) CONDITIONS
NIL
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 12th September 2006 W 202/06 PIB — UTI Bank Limited
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WAIVER NOTICE
To UTI Bank Limited Address Unit No.1101, Dubai National Insurance Building
Al Yamanah Towers, Port Saeed, Deira
Dubai, United Arab EmiratesDFSA Firm Reference No. F000326 Notice No. W202/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 1st April 2007 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER8/02-07 PIB Chapter 1, PIB Section 1.2 & PIB Section 1.4 (Financial Resources & The Trading Book) PIB/VER8/02-07 PIB Chapter 2, all Sections (Capital) PIB/VER8/02-07 PIB Chapter 4, PIB Section 4.3 to PIB Section 4.10 (Credit Risk) PIB/VER8/02-07 PIB Chapter 5, PIB Section 5.3 to PIB Section 5.9 (Market Risk) PIB/VER8/02-07 PIB Chapter 7, PIB Section 7.3 and PIB Section 7.4 (Group Risk) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to the Reserve Bank of India, within ten business days of the due date for submission to the Reserve Bank of India.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Ian Johnston Position : Managing Director, Policy & Legal Services Date : 1st April 2007 W 205/06 GEN — Lloyds TSB Offshore Limited
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MODIFICATION NOTICE
To Lloyds TSB Offshore Limited Address The Gate, 4th Floor East, PO Box 121404, Dubai DFSA Firm Reference No. F0000192 Notice No. W205/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 17 October 2006 and remains in effect for three years from the date it comes into effect or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER11/08/06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with the International Financial Reporting Standards (IFRS) or in accordance with generally accepted accounting principles of the United Kingdom unless (2) or (3) applies.(2) ....................(3) ....................GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person's accounts in accordance with the requirements of the relevant standards published by the International Auditing and Assurance Standards Board (IAASB) or in accordance with legal and regulatory requirements under UK law and auditing standards issued by the UK Auditing Practices Board in respect of conventional financial business and the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) ....................;(c) produce an Auditor's Annual Report which states whether:(i) the auditor has audited the Authorised Person's annual financial statements in accordance with the IAASB or in accordance with legal and regulatory requirements under UK law and auditing standards issued by the UK Auditing Practices Board or AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or to the UK law and auditing standards issued by the UK Auditing Practices Board and to AAOIFI auditing standards in respect of Islamic Financial Business;....................CONDITIONS
N/A
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 17 October 2006 W 206/06 COB — Merrill Lynch Bank (Suisse) S.A
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MODIFICATION NOTICE
To Merrill Lynch Bank (Suisse) S.A Address The Gate Building 5th Floor DFSA Firm Reference No. F00010 Notice No. W206/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 6th November 2006 and expires on 7th November 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is [COB/VER7/08-06].
Rule Modified Text COB 3.2.2 Client (1) A Client is a Person who the Authorised Firm has determined, prior to the establishment of a relationship, is:(a) an individual who:(i) has at least $1 million in liquid assets and has provided the Authorised Firm with written confirmation of this fact or any entity within the Merrill Lynch Group has provided such confirmation:(ii) appears to the Authorised Firm, after analysis, to have sufficient financial experience and understanding to participate in financial markets; and(iii) either(A) has consented in writing to being treated as a Client; or(B) was a customer of the Merrill Lynch Group as of the effective date of this waiver, who fulfils the criteria in (i) and (ii) and has been notified in writing by the Authorised Firm, that it will be providing specific Investment Business Services to him and he has not objected to being treated as a Client prior to his account being transferred to the Authorised Firm;(b)……………(c)…………..(d)………….(e)…………..(f)……………(g)……………(h)………….(i)…………..(j)…………..(k)…………..(l)…………..(2) Any person who does not meet the criteria in (1) is a Retail Customer.……………………….CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 6th November 2006 W 207/06 AUT — Rothschild (Middle East) Limited
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MODIFICATION NOTICE
To Rothschild (Middle East) Limited Address PO Box 506570, Level 15 Business Centre
The Gate Building, DIFC
Dubai, United Arab EmiratesDFSA Firm Reference No. F000356 Notice No. W207/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 29th November 2006 and expires on 29th May 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is AUT/VER6/08-06.
Module Version Rule AUT 10.3.2 The Authorised Individuals referred to in Rule 10.3.1 (a) , (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 29th November 2006 W 208/06 GEN — RFIB Middle East
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MODIFICATION NOTICE
To RFIB Middle East Address Level 12, DIFC Business Centre, The Gate
PO Box 121208
Dubai, UAEDFSA Firm Reference No. F000162 Notice No. W208/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 16th November 2006 and remains in effect until 16th November 2008 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER11/08-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting principles of the United Kingdom (UKGAAP);unless (2) or (3) applies.(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial BusinessGEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) in respect of conventional financial business — the International Auditing and Assurance Standards Board (IAASB) or the generally accepted auditing principles of the United Kingdom; and(ii) in respect of any Islamic Financial Business — the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI);(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or the generally accepted auditing principles of the United Kingdom, and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or the generally accepted auditing principles of the United Kingdom, and AAOIFI in respect of Islamic Financial Business;(iii) … and so on until all including (viii).(d) … and so on until all imcluding (h).CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Michael Zamorski Position : Managing Director, Supervision Date : 16th November 2006 W 209/06 PIB — Natexis Banques Populaires
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WAIVER NOTICE
To Natexis Banques Populaires Address Office 705, Juma Al Majid Building
Khalid Bin Al Walid Street, PO Box 33770
Dubai, United Arab EmiratesDFSA Firm Reference No. F00357 Notice No. W209/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 28th November 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) PIB/VER7/08-06 PIB Chapter 4, Sections PIB 4.3 to PIB 4.10 (Credit Risk) PIB/VER7/08-06 PIB Chapter 5, Sections PIB 5.3 to PIB 5.9 (Market Risk) PIB/VER7/08-06 PIB Chapter 7, Sections PIB 7.3 and PIB 7.4 (Group Risk) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a half yearly basis, a copy of its latest Capital Adequacy Summary report to the Banque De France, Commission Bancaire, within ten business days of the due date for submission to the Banque De France, Commission Bancaire.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 28th November 2006 W 211/06 PIN — Allianz SE (Dubai Branch)
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WAIVER NOTICE
To Allianz SE (Dubai Branch) Address Al Attar Business Tower, #2902
PO Box 7659, Dubai, UAEDFSA Firm Reference No. F000022 Notice No. W211/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table below do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 03 January 2007 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule PIN/VER3/229/08-06 PIN Chapter 4 (Capital Adequacy), all Sections, except PIN Rule 4.2.2 PIN/VER3/229/08-06 PIN Rule 6.2.4 PIN/VER3/229/08-06 PIN Chapter 7 (Actuaries), all Sections PIN/VER3/229/08-06 PIN Chapter 8 (Consolidated Supervision), all Sections CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that Allianz SE submits to the DFSA annually a copy of the German Federal Financial Supervisory Authority’s (BaFin) Overview of the Solvency Margin (Reinsurance Companies); to be submitted to the DFSA within ten business days of the due date to BaFIN.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 03 January 2007 W 212/06 GEN — IXIS Asset Management UK Limited
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MODIFICATION NOTICE
To IXIS Asset Management UK Limited Address 3rd Floor
Gate Precinct Building 3
DIFC
Dubai, United Arab EmiratesDFSA Firm Reference No. F000234 Notice No. W212/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This Notice comes into effect on the date of this Notice and remains in force until 4 December 2008 or until further notice whichever is earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER12/11-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting principles of the United Kingdom (UK GAAP);unless (2) or (3) applies(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with IFRS, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial BusinessGEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) the International Auditing and Assurance Standards Board (IAASB) or the Auditing Standards issued by the UK Auditing Practices Board (APB), in respect of conventional financial business; and(ii) the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or APB and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or APB and to AAOIFI auditing standards in respect of Islamic Financial Business;(iii) the auditor has received all necessary information and explanations for the purposes of preparing this report to the DFSA;(iv) …………………………..and so on up to and including (h)…………………....CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director Date : 4 December 2006 W 213/06 PIB — Fortis Bank
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MODIFICATION NOTICE
To Fortis Bank Address Level 5, East Wing, The Gate Building, PO Box 211104,
DIFC, Dubai, UAEDFSA Firm Reference No. F000298 Notice No. W213/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 04.01.2007 and expires on 04.01.2009 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is [PIB VER7/08-06].
Rule Modified Text PIB 1.6.3 (2) (2) An Authorised Firm must submit to the DFSA any other returns required by PIB App7 withinonetwo months of the end of the reporting period to which the return relates.CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
none
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 04 January 2007 W 214/06 PIB — ING Bank N.V.
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WAIVER NOTICE
To ING Bank N.V. Address Offices 25 & 29, Level 15, Business Centre, The Gate,
Dubai International Financial Centre, PO Box 121208,
Dubai, UAEDFSA Firm Reference No. F000362 Notice No. W214/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 19 December 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB Chapter 1 is to be construed accordingly.
Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to De Nederlandsche Bank, within ten business days of the due date for submission to De Nederlandsche Bank.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 19 December 2006 W 216/06 GEN — Henyep Investment (UAE) Limited
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MODIFICATION NOTICE
To Henyep Investment (UAE) Limited Address Level 5, Gate Precinct Building 4
Dubai International Financial Centre
PO Box 506540
Dubai UAEDFSA Firm Reference No. F000048 Notice No. W216/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 21 December 2006 and remains in force until 21 December 2008 or until further notice whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER12/11-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting principles o the United Kingdom (UK GAAP);unless (2) or (3) applies(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial Business.GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) the International Auditing and Assurance Standards Board (IAASB) or the Auditing Standards issued by the UK Auditing Practices Board (APB), in respect of conventional financial business; and(ii) the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or APB and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or APB and to AAOIFI auditing standards in respect of Islamic Financial Business;(iii) the auditor has received all necessary information and explanations for the purposes of preparing this report to the DFSA;(iv) …………………………..and so on up to and including (h)…………………...CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Michael Zamorski Position : Managing Director, Supervision Date : 21 December 2006 W 219/06 AUT — Gulflink International Securities Limited
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MODIFICATION NOTICE
To Gulflink International Securities Limited Address Office Number 31, Level 12 Business Centre
The Gate Building, DIFC
PO Box 121208
Dubai, United Arab EmiratesDFSA Firm Reference No. F000322 Notice No. W219/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the left hand column of the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply as modified in the right hand column of the table.
RULES MODIFIED
The Rules specified in the left hand column are modified to the extent shown in the right hand column of the table below. In this table, underlining indicates new text and striking through indicates deleted text, otherwise the Rule remains unaltered. Where a significant number of the paragraphs of the Rule remain un-altered the entire Rule may not be reproduced in the table. In such circumstances the un-altered parts of the Rule will be referred to by the relevant identifying paragraph number or letter, as the case may be.
Rule Modified Text AUT 10.3.2 The Authorised Individuals referred to in Rule 10.3.1(a) , (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None.
EFFECTIVE PERIOD
This notice comes into effect on the date of issue and remains in force for 6 months thereafter or until further notice, whichever is the earlier.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
THIS NOTICE IS ISSUED UNDER ARTICLE 25 OF THE REGULATORY LAW 2004 BY:
Name : David Knott Position : Chief Executive DATE OF ISSUE: 13th December 2007 W 220/06 PIB — JLT Risk Solutions
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WAIVER NOTICE
To JLT Risk Solutions Address Exchange Building, 6th Floor,
PO Box 506519
Dubai International Financial Centre
Dubai UAEDFSA Firm Reference No. F000014 Notice No. W220/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table below do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 14th December 2006 and remains in effect until further notice.
Module Version Rule PIB/VER6/06-06 PIB Chapter 1, PIB 1.2 (Financial Resources) PIB/VER6/06-06 PIB Chapter 2, all sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that:
The waivers in respect of the Rules specified above remain in effect, on condition that JLT Risk Solutions Ltd submits to the DFSA, on an annual basis, a copy of its latest Capital Adequacy Summary report to the Financial Services Authority (UK) within ten business days of the due date for submission to the Financial Services Authority (UK).
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Michael Zamorski Position : Managing Director — Supervision Date : 14th December. 2006 W 223/06 REC — ING Bank NV
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WAIVER NOTICE
To ING Bank NV Address Amstelveenseweg 500
1081 KL,
Amsterdam,
NetherlandsDFSA Firm Reference No. F000362 Notice No. W223/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 6 December 2006, and continues in force until further notice, or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES WAIVED
The Rules waived are set out in the table below.
Module Version Rule REC/VER2/08-05 REC 7.2.2(a) An applicant for Recognition must not be an Authorised Firm or an applicant to be an Authorised Firm CONDITIONS
Nil
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Jane Coakley Position : Managing Director, Authorisation Date : 6 December 2006 W 224/06 PIB — E*TRADE Securities Limited
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WAIVER NOTICE
To E*TRADE Securities Limited Address Level 12, The Gate Building, DIFC, P.O. Box 121208, Dubai, UAE DFSA Firm Reference No. F000396 Notice No. W224/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 11 January 2007 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Financial Services Authority (”FSA”), within ten business days of the due date for submission to the FSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 11 January 2007 W 225/06 GEN — JLT Risk Solutions
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MODIFICATION NOTICE
To JLT Risk Solutions Address The Exchange Building, Dubai International Financial Centre
PO Box 506519
Dubai UAEDFSA Firm Reference No. F000014 Notice No. W225/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on the 14th December 2006 and remains in force until 14th December 2008 or until further notice whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER12/11-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting principles of the United Kingdom (UK GAAP);unless (2) or (3) applies.(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial Business.GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) the International Auditing and Assurance Standards Board (IAASB) or the Auditing Standards issued by the UK Auditing Practices Board (APB), in respect of conventional financial business; and(ii) the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or APB and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or APB and to AAOIFI auditing standards in respect of Islamic Financial Business;(iii) the auditor has received all necessary information and explanations for the purposes of preparing this report to the DFSA;(iv) …………………………..and so on up to and including (h)…………………....CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Michael Zamorski Position : Managing Director, Supervision Date : 14th December. 2006 W 227/06 AUT — E*TRADE Securities Limited
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MODIFICATION NOTICE
To E*TRADE Securities Limited Address Level 12, The Gate Building, DIFC, P.O. Box 121208, Dubai, UAE DFSA Firm Reference No. F000396 Notice No. W227/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to the Person in the modified form prescribed in that table.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 11 January 2007 and remains in effect until 11 July 2007, or the date on which any Rule specified herein is amended, whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER6/08-06.
Rule Modified Text AUT 10.3.2 The Authorised Individuals referred to in AUT Rule 10.3.1(a) , (c) and (d)must be ordinarily resident in the U.A.E.CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 11 January 2007 W 228/06 GEN — Banque de Commerce et de Placements SA
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MODIFICATION NOTICE
To Banque de Commerce et de Placements SA Address Level 7, Tenancy 6, 7 and 8, Gate Precinct Building 3,
Dubai International Financial Centre,
Dubai, United Arab EmiratesDFSA Firm Reference No. F000267 Notice No. W228/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 11 January 2007 and remains in force until 24 May 2009 or until further notice whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER12/11-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting principles of Switzerland (Swiss GAAP),unless (2) or (3) applies.(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS or Swiss GAAP, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial Business.(4) In this rule Swiss GAAP means accounting and valuation principles in accordance with the Swiss Code of Obligations, the Swiss Federal Law on banks and its relative Implementing Ordinance, as well as with the statutory provisions and directives issued by the Swiss Federal Banking Commission.GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) the International Auditing and Assurance Standards Board (IAASB) or the Swiss Auditing Standards, in respect of conventional financial business; and(ii) the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or Swiss Auditing Standards or AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or Swiss Auditing Standardsandor to AAOIFI auditing standards in respect of Islamic Financial Business;(iii) the auditor has received all necessary information and explanations for the purposes of preparing this report to the DFSA;(iv) …………………………..and so on up to and including (h)…………………....CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 11 January 2007 W 230/06 GEN — E*TRADE Securities Limited
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MODIFICATION NOTICE
To E*TRADE Securities Limited Address Level 12, The Gate Building, DIFC, P.O. Box 121208, Dubai, UAE DFSA Firm Reference No. F000396 Notice No. W230/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 11 January 2007 and remains in effect until 29 November 2008, or the date on which any Rule specified herein is amended, whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER12/11-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting principles of the United Kingdom (UK GAAP);unless (2) or (3) applies.(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial Business.GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published:(i) the International Auditing and Assurance Standards Board (IAASB) or the Auditing Standards issued by the UK Auditing Practices Board (APB), in respect of conventional financial business; and(ii) the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or APB and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or APB and to AAOIFI auditing standards in respect of Islamic Financial Business;(iii) the auditor has received all necessary information and explanations for the purposes of preparing this report to the DFSA;(iv) …………………………..and so on up to and including (h)…………………....CONDITIONS
None.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 11 January 2007 W 232/06 GEN — Goldman Sachs International
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MODIFICATION NOTICE
To Goldman Sachs International Address Business Centre, Level 12, The Gate, DIFC, P.O. Box 121208, Dubai—U.A.E. DFSA Firm Reference No. F000297 Notice No. W232/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 14 December 2006 and remains in force until 14 December 2008 or until further notice whichever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER12/11-06.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting principles of the United Kingdom (UK GAAP);unless (2) or (3) applies.(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial Business.GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to:
(a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) the International Auditing and Assurance Standards Board (IAASB) or the Auditing Standards issued by the UK Auditing Practices Board (APB), in respect of conventional financial business; and(ii) the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or APB and AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or APB and to AAOIFI auditing standards in respect of Islamic Financial Business;(iii) the auditor has received all necessary information and explanations for the purposes of preparing this report to the DFSA;(iv) …………………………..and so on up to and including (h)…………………....CONDITIONS
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Michael Zamorski Position : Managing Director Supervision Date : 14 December 2006 W 237/06 PIB — Commander Asset Management Limited
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WAIVER NOTICE
To Commander Asset Management Limited Address Level 8, Convention Tower,
P.O. Box 9522,
Dubai,
U.A.E.DFSA Firm Reference No. F000337 Notice No. W237/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 7 February 2007 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB Chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER7/08-06 PIB Chapter 1, PIB Section 1.2 & PIB Section 1.4 (Financial Resources Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority, within ten business days of the due date for submission to the UK Financial Services Authority
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 7 February 2007 W 233/06 GEN — UTI Bank Limited
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MODIFICATION NOTICE
To UTI Bank Limited Address Unit No.1101, Dubai National Insurance Building
Al Yamanah Towers, Port Saeed, Deira
Dubai, United Arab EmiratesDFSA Firm Reference No. F000326 Notice No. W233/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 1st April 2007 and expires on 1st April 2009 or the date on which any Rule specified herein is amended, which ever is the earlier.
RULES MODIFIED
The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this notice relates is GEN/VER13/02-07.
Rule Modified Text GEN 8.2.1 (1) An Authorised Person must prepare and maintain all financial accounts and statements in accordance with:(a) the International Financial Reporting Standards (IFRS); or(b) the generally accepted accounting principles of India (Indian GAAP)
unless (2) or (3) applies.(2) If an Authorised Firm is an Islamic Financial Institution it must prepare and maintain all financial accounts and statements in accordance with the accounting standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).(3) If an Authorised Person operates an Islamic Window it must prepare and maintain all financial accounts and statements in accordance with the IFRS or Indian GAAP, as supplemented by AAOIFI FAS 18 in respect of its Islamic Financial Business.(4) In this rule Indian GAAP means accounting and valuation principles in accordance with the guidelines of the Institute of Chartered Accountants of India, including the Indian National Accounting Standards, and the statutory provisions and directives of the Reserve Bank of India.GEN 8.6.1 An Authorised Firm or Authorised Market Institution, as applicable, must in writing require its auditor to: (a) conduct an audit of the Authorised Person’s accounts in accordance with the requirements of the relevant standards published by:(i) the International Auditing and Assurance Standards Board (IAASB) or the Indian Auditing Standards in respect of conventional financial business; and(ii) the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in respect of any Islamic Financial Business undertaken;(b) produce a report on the audited accounts which states:(i) whether, in the auditor’s opinion, the accounts have been properly prepared in accordance with the requirements imposed by this chapter;(ii) in particular, whether the accounts give a true and fair view of the financial position of the Authorised Person for the financial year and of the state of the Authorised Person’s affairs at the end of the financial year end; and(iii) any other matter or opinion relating to the requirements of this chapter;(c) produce an Auditor’s Annual Report which states whether:(i) the auditor has audited the Authorised Person’s annual financial statements in accordance with the IAASB or Indian Auditing Standards or AAOIFI in respect of Islamic Financial Business;(ii) the auditor has carried out any other procedures considered necessary, having regard to the IAASB or Indian Auditing Standardsandor to AAOIFI auditing standards in respect of Islamic Financial Business;(iii) the auditor has received all necessary information and explanations for the purposes of preparing this report to the DFSA;(iv)………………………………………and so on up to and including(h)………………………………CONDITIONS
The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:
None
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : Ian Johnston Position : Managing Director, Policy & Legal Services Date : 1st April 2007 W 74/06 PIB — Merrill Lynch Bank (Suisse) S.A
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WAIVER NOTICE
To Merrill Lynch Bank (Suisse) S.A Address Business Centre, 6th floor, Khalid Bin Al Waleed Street,
P O Box 3911, Dubai — United Arab EmiratesDFSA Firm Reference No. F000010 Notice No. W074/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 24 May 2006 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB Chapter 1 is to be construed accordingly.
DFSA Rulebook Module Version Rule PIB/VER5/04-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER5/04-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Swiss Federal Banking Commission, within ten business days of the due date for submission to the Swiss Federal Banking Commission.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 24 May 2006 W 215/06 PIB — Merrill Lynch International
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WAIVER NOTICE
To Merrill Lynch International Address Level 5, East Wing, The Gate Building, DIFC, P.O. Box 3911,
Dubai, U.A.EDFSA Firm Reference No. F000216 Notice No. W215/2006 THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 14 January 2007 and remains in effect until further notice.
RULES WAIVED
The Rules waived are set out in the table below and Table 2 in PIB Chapter 1 is to be construed accordingly.
Module Version Rule PIB/VER7/08-06 PIB Chapter 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book) PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital) CONDITIONS
The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the Financial Services Authority ("FSA"), within ten business days of the due date for submission to the FSA.
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : David Knott Position : Chief Executive Date : 14 January 2007