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COB 12.1.1 Guidance

1. The Rules in this Chapter apply to an Operator or Administrator of a Scheme regardless of whether the Scheme is established in the DIFC (a DIFC Scheme) or outside the DIFC (a Non-DIFC Scheme), unless otherwise provided. For example, the requirements in COB Rule 12.2.3 apply only in relation to a Non-DIFC Scheme.
2. GEN Rule 2.2.10H prohibits an Authorised Firm from Operating or Acting as the Administrator of a Non-DIFC Scheme if the Scheme receives contributions from:
a. a DIFC employer in respect of its employees under the Employment Law; or
b. an employer in respect of its employees under another Dubai law.

 

Derived from DFSA RMI302/2021 (Made 30th June 2021). [VER38/09-21]