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AMI 5.6.6

(1) The DFSA may, on written application by an Authorised Market Institution, dispense with the requirement in Rule 5.6.5 for public consultation where:
(a) any delay resulting from public consultation is likely to be detrimental to the interests of the DIFC markets; or
(b) either the proposed amendment:
(i) is purely administrative or immaterial; or
(ii) the Authorised Market Institution can demonstrate to the satisfaction of the DFSA that it had taken into account the views and interests of its Members and other stakeholders as appropriate in developing the proposed amendment; and
(c) the Authorised Market Institution complies with the requirements in (2) or (3) as applicable.
(2) An Authorised Market Institution which seeks to dispense with public consultation on the ground referred to in (1)(a) must lodge with the DFSA a statement setting out:
(a) the text of both the proposed amendment and the Business Rules that are to be amended:
(b) the reasons for proposing the amendment;
(c) the grounds on which it believes that a delay resulting from public consultation is likely to be detrimental to the DIFC markets; and
(d) whether any rights or obligations of any Members of the Authorised Market Institution or other participants on its facilities are to be materially adversely affected by the proposed amendment, and if so, what measures are proposed to address such concerns.
(3) An Authorised Market Institution which seeks to dispense with public consultation on the ground referred to in (1)(b) must lodge with the DFSA a statement setting out:
(a) the text of both the proposed amendment and the Business Rules that are to be amended; and
(b) either:
(i) the reasons it believes that the proposed amendment is purely administrative or immaterial; or.
(ii) that it had taken into account the views and interests of its Members and other stakeholders as appropriate in developing the proposed amendment.
Derived from RM118/2013 [VER15/07-13]