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W 95/06 AUT — State Bank of India

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MODIFICATION NOTICE

To State Bank of India
Address Office #201, 2nd Floor, Al Attar Towers
Sheikh Zayed Road,
Dubai, United Arab Emirates
DFSA Firm Reference No. F000239
Notice No. W095/2006

THE DFSA HEREBY GIVES NOTICE THAT:

The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.

This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.

Effective date: This notice comes into effect on 14th December 2006 and remains in effect until further notice or the date on which the current Chief General Manager (Foreign Offices) registered as the Licensed Director of the firm, by way of this rule modification, remains in office, whichever is earlier.

RULES MODIFIED

The Rules listed in the left hand column of the table 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 version of Rules to which this notice relates is AUT/VER6/08-06.

Rule Modified Text
AUT 10.3.4 An Authorised Firm which is a Body Corporate, other than a Limited Liability Partnership:
(a) whose head office and registered office is located in the DIFC, must register with the DFSA all of its Directors as Licensed Directors; or
(b) whose head office and registered office is not located in the DIFC must register with the DFSA at least one of its Directors or the Chief General Manager (Foreign Offices) as a Licensed Director who is ultimately responsible for the Authorised Firm’s Financial Services carried on in or from the DIFC.

CONDITIONS

The modifications in respect of the Rules specified above remain in effect for the duration of the period set out above on condition that:

None.

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 : Jane Coakley
Position : Managing Director, Authorisation
Date : 14th December 2006