The Dubai Financial Services Authority (DFSA) has confirmed a series of legislative amendments to its Rulebook following the conclusion of the consultation period outlined in Consultation Paper No. 163. These changes, made after thorough review of stakeholder feedback, will come into effect on 3 March 2025.
Under the powers granted by Article 23 of the Regulatory Law 2004, the DFSA Board has issued several Rule-making Instruments covering a wide range of regulatory modules. These include significant updates to financial prudence, business conduct, and anti-financial crime regulations.
Key Rule-making Instruments Issued:
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Prudential – Investment, Insurance Intermediation and Banking Business Module (PIB) – Instrument No. 392
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General Module (GEN) – Instrument No. 393
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Conduct of Business Module (COB) – Instrument No. 394
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Fees Module (FER) – Instrument No. 395
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Authorised Market Institutions Module (AMI) – Instrument No. 396
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Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) – Instrument No. 397
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Glossary Module (GLO) – Instrument No. 398
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Islamic Finance Rules (IFR) – Instrument No. 399
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Markets Rules (MKT) – Instrument No. 400
The AML Rule-making Instrument (No. 397) was issued by the DFSA Board under the authority of Article 23 of the Regulatory Law 2004 and includes additional guidance from the Chief Executive. These updates reflect the DFSA’s ongoing commitment to enhancing the financial crime compliance framework within the Dubai International Financial Centre (DIFC).
All amended modules and their detailed appendices can be accessed on the DFSA website under the “Amendments to Legislation” section. The updated Rulebook versions will replace the existing ones on the effective date, while previous editions will remain available in the DFSA’s legislative archive.
This legislative update was formally approved on 26 February 2025 by Fadel Al Ali, Chairman, and Ian Johnston, Chief Executive.
By FCCT Editorial Team freeslots dinogame telegram营销
