42. Authorised Firms, Authorised Market Institutions and Financial Services

Past version: effective up to 10/07/2010
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(1) The DFSA shall make Rules prescribing which kinds of Financial Services, with such modifications or limitations as may be specified may be carried on by:
(a) an Authorised Firm; and
(b) an Authorised Market Institution.
(2) The DFSA may make Rules adding to, removing activities from, or otherwise modifying the lists of Financial Services prescribed under Article 42(1).
(3) A person may carry on one or more Financial Services in or from the DIFC if such person is:
(a) an Authorised Firm whose Licence authorises it to carry on the relevant Financial Services; or
(b) an Authorised Market Institution whose Licence authorises it to carry on the relevant Financial Services.
(4) An Authorised Firm or Authorised Market Institution shall:
(a) act within the scope of its authority under its Licence; and
(b) comply with any condition or restriction applicable to its Licence.
(5) A person who is not an Authorised Firm or Authorised Market Institution shall not represent that he is such a person.