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Notice of Amendments to Legislation October 2018

Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 118 and 120, the DFSA Board after due consideration of consultees comments, recommended to His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, the President of the DIFC that amendments be made to the Regulatory Law 2004. The DFSA Board also made amendments to the DFSA Rulebook as described below. Please bear in mind that changes may have been made to the legislation originally proposed in the relevant consultation papers.

TAKE NOTICE THAT:

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, in his capacity as Ruler of Dubai on 19 September 2018 enacted the Regulatory Law Amendment Law, DIFC Law No. 6 of 2018 to come into force on 29 October 2018.

To view the changes made to the Regulatory Law 2004, please consult the amendment law which is published on the "Amendments to Legislation" section of the DFSA website.

AND

The DFSA Board made the following Rulemaking Instruments to come into force on the date the Law comes into force (29 October 2018)

•   ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS MODULE (AML) INSTRUMENT (No. 223) 2018, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 1appendix 1 for the detailed amendments);
•   GLOSSARY MODULE (GLO) RULE-MAKING INSTRUMENT (No. 224) 2018, which repeals and replaces the Glossary Module (GLO) of the DFSA Rulebook with an updated version (see appendix 2appendix 2 for the detailed amendments);
•   ANTI-MONEY LAUNDERING, COUNTER-TERRORIST FINANCING AND SANCTIONS MODULE (AML) INSTRUMENT (No. 231) 2018, which repeals and replaces the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) of the DFSA Rulebook with an updated version (see appendix 3appendix 3 for the detailed amendments);
•   CONDUCT OF BUSINESS MODULE (COB) (No. 232) 2018, which repeals and replaces the Conduct of Business (COB) module of the DFSA Rulebook with an updated version (see appendix 4appendix 4 for the detailed amendments).

The rule-making instruments mentioned above and the appendices to this notice can be viewed under the "Amendments to Legislation" section of the DFSA website and the relevant modules will be replaced on the DFSA website on the date of their coming into force as described above. Earlier versions of the relevant modules are to be found in the archive.

Issued

1 October 2018