The purpose of the Core information form, Fund Forms and supplements

The appropriate forms and supplements must be submitted if you wish to carry on one or more Financial Services in or from the DIFC. Financial Services are defined in the GEN module of the DFSA Rulebook. The GEN module (chapter 2) outlines which business activities fall within the definition of Financial Services, and enables you to check whether there are any exemptions or prohibitions which may be relevant to your application.

The GEN module (chapter 7) also sets out the DFSA's authorisation requirements. You can find a copy of the GEN Module of the DFSA Rulebook on the DFSA website at www.dfsa.ae. The DFSA website also provides information on the authorisation process.

The forms and supplements are designed to assist you to provide us with information about the Financial Services for which you are seeking a Licence and to help us understand how you intend to carry on those activities. You will need to satisfy the DFSA that you have sufficient financial resources, appropriate personnel, adequate systems and internal controls to carry out the Financial Services you propose. Each person seeking status as an Authorised Individual should complete the AUT-IND 1 forms.

The DFSA may ask for additional information or clarification to complete the consideration of an application. We will correspond with the contact person listed on the form.

An Authorised Firm wishing to vary its current Licence should complete Form SUP 4 and any applicable supplements.

Which forms / supplements do you complete?

You may be required to complete more than one form and supplement depending upon the nature of the Financial Services you want to carry out. The table below sets out the Financial Services covered by each form / supplement:

Form / Supplement Financial Services
Core Information form Complete this form if you are applying for a Licence to carry on one or more Financial Services, as defined in the GEN module of the DFSA Rulebook.

If you are applying to Manage a Collective Investment Fund (in relation to an Exempt Fundor QIF), please use the Exempt Fund form or QIF Domestic Fund Manager Form.

If you are applying to Operate a Representative Office, please use the Representative Office form.

If you are applying solely to Operate a Credit Rating Agency, please use the Credit Rating Agency form.
Representative Office form Complete this form if you are applying to carry out the Financial Service of Operating a Representative Office. You do not have to submit the Core Information form or any supplement.
Credit Rating Agency form Complete this form if you are applying to carry out only the Financial Service of Operating a Credit Rating Agency. You do not have to submit the Core Information form or any supplement.

Do not complete this form if you are applying to conduct any other Financial Service in addition to Operating a Credit Rating Agency. In this case, you must complete the AUT CORE form and any supplement which relates to the other Financial Service(s).
Asset management Supplement Complete this supplement if you are applying to carry out business activities related to asset management.

Financial Services covered in this supplement are:
•   Managing Assets
•   Arranging Credit or Deals in Investments
•   Advising on Financial Products or Credit
•   Dealing in Investments as Agent
•   Arranging Custody
•   Providing Custody
Please note that you should also submit the Core Information form and any other appropriate supplements.
Banking and lending Supplement Complete this supplement if you are applying to carry on the following Financial Services:
•   Accepting Deposits
•   Providing Credit
Please note that you should also submit the Core Information form and any other appropriate supplements.
Sales and trading Supplement Complete this supplement if you are carrying out business activities similar to that of a marketing firm, stock broker, advisory firm or investment bank.

Financial Services covered in this supplement are:
•   Dealing in Investments as Principal
•   Dealing in Investments as Agent
•   Advising on Financial Products or Credit
•   Arranging Credit or Deals in Investments
•   Arranging Custody
•   Providing Custody
Please note that you should also submit the Core Information form and any other appropriate supplements.
Islamic Finance Business Supplement Complete this supplement if you are applying to carry on Islamic Financial Business, which is defined in the GLO module of the DFSA Rulebook.

Please note that you should also submit the Core Information form or Exempt Fund form and any other appropriate supplements.
Insurance Supplement Complete this form if you are applying to carry on the following Financial Services:
•   Effecting Contracts of Insurance
•   Carrying out Contracts of Insurance
•   Insurance Intermediation
•   Insurance Management
Please note that you should also submit the Core Information form and any other appropriate supplements.
Public Fund Supplement Complete this form if you are applying to Manage a Collective Investment Fund (in relation to a Public Fund only). This is a multipurpose supplement to be used by a Domestic Fund Manager managing a Domestic and/or External Fund. Additionally it can be used by an External Fund Manager looking to manage a Domestic Fund.

Please note that you should also submit the Core Information form and any other appropriate supplements.
Miscellaneous Financial Services (no supplement required for these Financial Services) You do not have to complete a supplement if you are applying to carry on the following Financial Services:
•   Providing Fund Administration
•   Providing Trust Services
•   Acting as the Trustee of a Fund
•   Operating a Representative Office
•   Operating a Credit Rating Agency
Complete only the Core Information form and submit your regulatory business plan. Please refer to the 'Miscellaneous Financial Services' section contained in Part 2 of these notes to understand the type of information required in your regulatory business plan.

If you are carrying on any other Financial Services the appropriate supplement must also be submitted.
Exempt Fund form Complete this form if you are applying to carry out the Financial Services of Managing a Collective Investment Fund (in relation to an Exempt Fund only). This is a multipurpose form to be used by a Domestic Fund Manager managing a Domestic and/or External Fund. Additionally it can be used by an External Fund Manager looking to manage a Domestic Fund. You do not have to submit the Core Information form. If you require an Islamic Endorsement you should complete the Islamic Finance business.
Qualified Investor Fund: Domestic Fund Manager Form This form must be submitted by applicants applying to conduct the Financial Service of:

•   Managing a Collective Investment Fund which is a Qualified Investor Fund, and
•   Advising on financial products or credit (in relation to QIFs only being managed by the applicant)

If this is the only activity that the applicant firm intends to undertake then you are not required to submit the Core Information Form ("AUT-CORE").

However, if you wish to carry on any other Financial Services activities then please submit the Form AUT-CORE in addition to this form. If this is the case then please only provide responses to Questions 1, 2, 21, 22, 23, 24 and 25.
Qualified Investor Fund: Fund Notification Form Complete this form if you are seeking to notify the DFSA that you are establishing a Qualified Investor Fund in the DIFC.
External Fund Manager Form Complete this form if you are seeking to establish a presence as an External Fund Manager based in a reputable jurisidiction seeking to establish and manage a Fund in the DIFC. It can do so without having to obtain a DFSALicence. External Fund Managers can manage funds in the DIFC ranging from Public Funds, Exempt Funds and Qualified Investor Funds.
External Fund: Notification Form Complete this form if you are a Fund Manager which is an Authorised Firm in the DIFC which is seeking to establish a Fund in a jurisdiction other than the DIFC.

Notes for completing the forms and supplements

•   The term "you" refers to the entity for which a Licence is being sought to conduct Financial Services in or from the DIFC. In all instances where a form or supplement requests details to be supplied in relation to you, responses should be provided in relation to the entity wanting to establish within the DIFC.
•   Defined terms are identified throughout the forms and supplements by the capitalisation of the initial letter of each word. These terms are defined in the Glossary module (GLO) of the DFSA's Rulebook.
•   All financial information must be given in US Dollars, with a statement of the original currency used (if relevant) and the exchange rate applied for conversion.
•   Questions must be answered fully and the use of abbreviations or acronyms should be avoided. Any abbreviations or acronyms used should be clearly defined.
•   Do not leave any questions blank. If a question is not applicable this should be indicated in the response section. Failure to answer questions or provide full responses may delay the progress of the application.
•   The forms must be completed in English. Any accompanying documentation must also be in English or accompanied by a certified translation.
•   Before completing the forms and supplements, we urge you to read the GEN module (chapter 7) of the DFSA Rulebook to ensure you provide appropriate information. You are urged to familiarise yourself with other relevant Rules prior to completing the forms.
•   You may find it useful to refer to the relevant leaflets under the DFSA Library / DFSA Publications on the DFSA website at www.dfsa.ae.
•   Answers must be typed in electronic format and the Core Information form / Exempt Fund form must be signed by a Director/Partner. If the firm still has to be incorporated, the Director who will be authorised in due course should sign.
•   The version of the forms and supplements on the DFSA's website are in PDF format. If you would like Microsoft Word versions, please contact our Authorisation Enquiries team. Please provide one hard copy and one soft copy of your application. The soft copy should be stored on CD or memory stick. Please do not send e-mail copies.
[Amended][VER23/04-11]
[Amended][VER6/08-14]