AMI 5.6.7

(1) An Authorised Market Institution must seek the DFSA's approval of any proposed amendment to the Business Rules before the rules are to come into effect.
(2) The DFSA will approve the proposed amendment to the Business Rules unless it has reasonable grounds to believe that the proposed amendment is reasonably likely to be detrimental to the interests of the DIFC markets.
(3) Where the DFSA has any concerns about the proposed amendment, it may:
(a) either reject the proposed amendment or request the Authorised Market Institution to withdraw the proposed amendments; or
(b) require the Authorised Market Institution to make appropriate changes to the proposed amendment, with or without public consultation.
(4) The DFSA must give to the Authorised Market Institution reasons for its decisions under (3)(a) or (b) as applicable.
(5) An Authorised Market Institution must, as soon as practicable after receiving the DFSA approval, notify the Members and the public of the amendment to its Business Rules and the date on which the amendment becomes effective.
(6) If the DFSA decides to exercise its power under (3)(a) or (b), the Authorised Market Institution may refer the matter to the FMT for review.
Derived from RM118/2013 [VER15/07-13]
[Amended] DFSA RM133/2014 (Made 21st August 2014). [VER16/06-14]