Exempt Offeror Declaration Notice – Islamic Development Bank
NOTICE OF APPROVAL OF THE ISLAMIC DEVELOPMENT BANK AS AN EXEMPT OFFEROR UNDER RULE A5.1.1 OF THE MARKETS RULES
THE DFSA HEREBY GIVES NOTICE THAT:
in accordance with Rule A5.1.1 of the Markets Rules, it hereby approves The Islamic Development Bank of King Khalid Street, PO Box 5925, Jeddah 21432, Kingdom of Saudi Arabia as an Exempt Offeror for purposes of Article 13(3) of the Markets Law 2012.
As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 or the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the Securities of the Islamic Development Bank or to the Securities which are unconditionally and irrevocably guaranteed by the Islamic Development Bank.
This Notice comes into effect on 24 October 2013 and remains in effect until further notice.
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
THIS NOTICE IS ISSUED AT 1100 hours on 24 October 2013 by:
Stephen Glynn, Acting Chief Executive
The Dubai Financial Services Authority