GEN 2.26.1

(1) In GEN Rule 2.2.2 Operating a Representative Office means the marketing of one or more financial services or financial products, provided such services or products are those offered:
(a) in a jurisdiction other than the DIFC; and
(b) by a related party of the Representative Office.
(2) For the purposes of (1) 'marketing' means:
(a) providing information on one or more financial products or financial services;
(b) engaging in Financial Promotions in relation to (a); or
(c) making introductions or referrals in connection with the offer of financial services or financial products;
provided that such activities do not constitute:
(d) Advising on Financial Products;
(e) Advising on Credit; or
(f) 'arranging' under GEN Rules 2.9.1, 2.14.1, 2.19.1(1)(c) and 2.28.1(1)(a), including receiving and transmitting orders in relation to a financial product.
(3) For the purposes of this Rule:
(a) a 'financial product' means an Investment, a Credit Facility, a Deposit, a Profit Sharing Investment Account or a Contract of Insurance; and
(b) a 'related party' of a Representative Office means:
(i) the same Body Corporate as the Representative Office, including its head office or any other branch; and
(ii) a member of the same Group as the Body Corporate referred to in (i).
[Added] DFSA RM68/2009 (Made 3rd January 2010). [VER24/01-10]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]