W 147/06 GEN, AUT, COB, PIB — Volaw Trust & Corporate Services Limited
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WAIVER / MODIFICATION NOTICE
To | Volaw Trust & Corporate Services Limited |
Address | 1004 Al Safa Tower, Sheikh Zayed Road, PO Box 73120, Dubai UAE |
DFSA Firm Reference No. | F000047 |
Notice No. | W147/2006 |
THE DFSA HEREBY GIVES NOTICE THAT:
AND
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 18 June 2006 and expires on 17 June 2007.
RULES WAIVED
The Rules waived are set out in Table A below.
TABLE A
Module Version | Rule |
GEN/VER10/06-06 | GEN 6.4.2 and GEN A5.2.1 |
AUT/VER5/06-06 | AUT 8.2.2, AUT 8.2.3, AUT 10.3.4 and AUT 10.3.5 |
COB/VER6/06-06 | COB 3.2.4, COB 3.2.5, COB 3.2.6 and COB 6.2 |
RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.
The versions of Rules to which this part of the notice relates are GEN/VER10/06-06, AUT/VER5/06-06, COB/VER6/06/06 and PIB/VER6/06-06.
TABLE B
Rule | Modified Text |
GEN Rule 2.11.1 |
(1) In Rule 2.2.2 Advising on financial products or credit means giving advice which:
(2
(a) contains information about a particular financial product or Credit Facility; and
(b) could reasonably be regarded as being intended to influence a Person when making a decision relating to any financial product or Credit Facility to which the communication relates,
although the communication does not contain any advice on the merits of that Particular person entering into a transaction to buy, sell, hold, subscribe for or underwrite those financial products or enter into a particular Credit Facility, whether as principal or agent. [Added][VER6/06-06] (3
|
AUT 10.3.1 | The above mentioned Person must ensure that (a) Senior Executive Officer;
(b) Finance Officer;
(c) Compliance Officer; and
(d) Money Laundering Reporting Officer.
|
AUT 10.3.2 | The Authorised Individual |
COB Rule 3.2.2 |
(1) A Client is a Person who the Authorised Firm has determined, prior to the establishment of a relationship, is:
(a) an individual who
(b
(2) Any Person who does not meet the criteria in (1) is a Retail Customer.
Liquid assets 3.2.3
For the purpose of Rule 3.2.2(a)
|
PIB 1.6.1 | 1.6.1
|
PIB A7.1.1 | A7.1.1 applies in the form set out in that provision subject to the omission of any references in that provision to Quarterly Returns.
|
CONDITIONS
INTERPRETATION
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
Name : | David Knott |
Position : | Chief Executive |
Date : | 29 June 2006 |