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RM69/2010 Restructuring the DFSA's Islamic Finance Rules Rules Instrument (No. 69) 2010

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The Board of the Dubai Financial Services Authority in the exercise of the powers conferred on them by Article 23 of the Regulatory Law 2004 and having published the rules for consultation in accordance with Article 24 of the Regulatory Law 2004, hereby make the Rules in the appendices to this instrument. The appendices to this instrument also contain the guidance made by the Chief Executive in the exercise of the powers conferred on him under the Regulatory Law 2004.

Commencement

This instrument shall come into force on 1 March 2010.

Amendments to Rulebook Module

(1) Authorised Market Institutions (AMI) — AMI/VER8/01-09 is amended in accordance with Appendix 1Appendix 1 to this instrument and the module as amended by this instrument may be identified by the following reference — AMI/VER9/03-10.
(2) Collective Investment Rules (CIR) — CIR/VER11/01-10 is amended in accordance with Appendix 2Appendix 2 to this instrument and the module as amended by this instrument may be identified by the following reference — CIR/VER12/03-10.
(3) Conduct of Business Module (COB) — COB/VER17/01-10 is amended in accordance with Appendix 3Appendix 3 to this instrument and the module as amended by this instrument may be identified by the following reference — COB/VER18/03-10.
(4) General Module (GEN) — GEN/VER24/01-10 is amended in accordance with Appendix 4Appendix 4 to this instrument and the module as amended by this instrument may be identified by the following reference — GEN/VER25/03-10.
(5) Prudential — Investment, Insurance Intermediation and Banking Module (PIB) — PIB/VER15/01-10 is amended in accordance with Appendix 5Appendix 5 to this instrument and the module as amended by this instrument may be identified by the following reference — PIB/VER16/03-10.
(6) Offered Securities Rules (OSR) — OSR/VER13/01-09 is amended in accordance with Appendix 6Appendix 6 to this instrument and the module as amended by this instrument may be identified by the following reference — OSR/VER14/03-10.
(7) Islamic Financial Business Module (ISF) — ISF/VER2/07-08 is discontinued and replaced by the Islamic Finance Rules (IFR). The replacement Module IFR contains all the provisions that were originally set out in ISF.

Citation

(8) This instrument may be cited as the Restructuring the DFSA's Islamic Finance Rules (No.69) 2010
(9) Appendix 7Appendix 7 to this instrument may be cited as the Islamic Finance Rules (IFR).
(10) This version of Rules in Appendix 7Appendix 7 to this instrument may be identified by the following reference — IFR/VER1/03-10.

By Order of the Board

Abdullah Saleh
Chairman
      Paul M Koster
Chief Executive

February 2010
RM69/2010