AMI 12.1.1

(1) In this Rule:
(a) "Commencement Date" means the date on which the DIFC Law Amendment Law No. 1 of 2014 comes into force;
(b) "Current Regime" means the provisions in the Regulatory Law and AMI module as in force on the Commencement Date; and
(c) "Previous Regime" means the provisions in the Regulatory Law and AMI module as in force immediately before the Commencement Date.
(2) A Person who was authorised as a Key Individual by the DFSA under the Previous Regime is on the Commencement Date deemed to be authorised as a Key Individual by the DFSA under the Current Regime.
Derived from RM118/2013 [VER15/07-13]
[Amended] DFSA RM133/2014 (Made 21st August 2014). [VER16/06-14]