Versions

 

RPP 1-6-1

In discharging its regulatory mandate, the DFSA has a statutory obligation under Article 8(3) of the Regulatory Law 2004 to pursue the following objectives:

(a) to foster and maintain fairness, transparency and efficiency in the financial services industry (namely, the financial services and related activities carried on) in the DIFC;
(b) to foster and maintain confidence in the financial services industry in the DIFC;
(c) to foster and maintain the financial stability of the financial services industry in the DIFC, including the reduction of systemic risk;
(d) to prevent, detect and restrain conduct that causes or may cause damage to the reputation of the DIFC or the financial services industry in the DIFC, through appropriate means, including the imposition of sanctions;
(e) to protect direct and indirect users and prospective users of the financial services industry in the DIFC;
(f) to promote public understanding of the regulation of the financial services industry in the DIFC; and
(g) to pursue any other objectives as the Ruler of Dubai may from time to time set under DIFC Law.
Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]