GEN 7.2.2

(1) The DFSA will only consider an application for a Licence from a Person who, subject to (2), (4), (5) and (6), is:
(a) a Body Corporate; or
(b) a Partnership;
and who is not an Authorised Market Institution.
(2) If the application is in respect of either or both of the following Financial Services:
(a) Effecting Contracts of Insurance; or
(b) Carrying Out Contracts of Insurance,
the applicant must be a Body Corporate.
(3) Deleted.
(4) If the application is in respect of the Financial Service of Managing a Collective Investment Fund or Acting as the Trustee of a Fund, the applicant must be a Body Corporate.
(5) If the application is for the Financial Service of Operating or Acting as the Administrator of an Employee Money Purchase Scheme, the applicant must be a Body Corporate incorporated under the DIFC Companies Law.
(6) If the application is for Managing a Venture Capital Fund, the applicant must be a Body Corporate incorporated under the DIFC Companies Law.
Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
[Amended] DFSA RM105/2012 (Made 23rd December 2012). [VER32/12-12]
[Amended] DFSA RM229/2018 (Made 6th June 2018). [VER42/08-18]
[Amended] DFSA RMI260/2019 (Made 18th December 2019). [VER47/01-20]
[Amended] DFSA RM278/2020 (Made 28th October 2020). [VER49/11-20]
[Amended] DFSA RMI301/2021 (Made 30th June 2021). [VER52/09-21]