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RMI 283/2020 Recovery And Resolution (RAR) Rule-Making Instrument (No. 283) 2020

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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, hereby make the Rules in the appendix to this instrument. The appendix to this instrument also contains the guidance made by the Chief Executive in the exercise of the powers conferred on him under the Regulatory Law 2004.

Commencement:

(1) This instrument is made on 16 December 2020 and shall come into force on the date the Regulatory Law Amendment Law, DIFC Law No. 1 of 2021 comes into force.

Citation

(2) The Recovery and Resolution Rulebook (RAR) module in Appendix 1 to this instrument may be identified by the following reference – (RAR/VER1/04-21).
(3) This instrument may be cited as the Recovery and Resolution Rule-making Instrument (No. 283) 2020.
(4) Appendix 1 to this instrument may be cited as the Recovery and Resolution Rulebook or RAR.

By Order of the Board

Saeb Eigner
Chairman
          Bryan Stirewalt
Chief Executive

16 December 2020

RMI 283/2020