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RPP 1-6-2

In exercising its powers and performing its functions, the DFSA has regard to the following guiding principles as set out in Article 8(4) of the Regulatory Law 2004, being the desirability of:

(a) pursuing the objectives of the DIFC as set out under Dubai Law in so far as it is appropriate and proper for the DFSA to do so;
(b) fostering the development of the DIFC as an internationally respected financial centre;
(c) co-operating with and providing assistance to regulatory authorities in the United Arab Emirates and other jurisdictions;
(d) minimising the adverse effects of the activities of the DFSA on competition in the financial services industry;
(e) using its resources in the most efficient way;
(f) ensuring the cost of regulation is proportionate to its benefit;
(g) exercising its powers and performing its functions in a transparent manner; and
(h) complying with relevant generally accepted principles of good governance.
Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]