AMI 5.8.1

(1) An Authorised Market Institution must have clear and objective criteria ("investment criteria") included in its Business Rules according to which Investments can be admitted to trading, or traded, on its facilities, or cleared and settled on its facilities, or both, as relevant to its operations. The investment criteria must include the requirements in (2) and (3) as relevant.
(2) An Authorised Market Institution must ensure that Investments are admitted to trading or traded on an Exchange it operates only if:
(a) in the case of Securities, the Securities are admitted to the Official List of Securities; and
(b) in the case of Derivative contracts, the contracts meet the contract design specifications in AMI Rule 6.3.2.
(3) An Authorised Market Institution must ensure that only Investments which meet the requirements in (a), (b) or (c) are traded on an MTF it operates:
(a) in the case of Securities, the Securities are admitted to trading on a Regulated Exchange in a jurisdiction acceptable to the DFSA;
(b) in the case of Security Tokens that do not meet the criteria in (a):
(i) there is a current Approved Prospectus relating to the Security Tokens;
(ii) the Authorised Market Institution has taken adequate steps, before admitting the Security Tokens to trading, to satisfy itself that both the Security Tokens and the relevant Reporting Entity meet the general eligibility requirements in MKT section 9.3; and
(iii) the Authorised Market Institution has adequate systems and controls in place to effectively monitor and enforce a Reporting Entity’s compliance with the requirements of MKT Chapter 9B; or
(c) in the case of Derivatives, the instruments meet the contract design specifications in AMI Rule 6.3.2.
(4) Where an Authorised Market Institution admits to trading or clearing or trades on its facilities Investments the value of which is determined by reference to an underlying benchmark or index provided by a Price Information Provider, it must only do so in accordance with the requirements in AMI App 2.
Derived from RM118/2013 [VER15/07-13]
[Amended] DFSA RM170/2016 (Made 10th February 2016). [VER17/04-16]
[Amended] DFSA RMI310/2021 (Made 30th June 2021). [VER20/10-21]