Consultation Papers of Proposed Regulations
The Dubai International Financial Centre Authority ("DIFC Authority") may issue regulations and submit proposed laws to the President, under Article 9(b)(2)-(4) of Dubai Law 5 of 2021 (the "Law") that fall within the jurisdiction of the DIFC Authority.
The Law requires the DIFC Authority to undertake a process of public consultation on such draft legislation. This involves publishing a consultation paper containing the proposed draft legislation, accompanied by explanatory text and a statement of the substance and purpose of the material provisions of the draft legislation.
The DIFC Authority will publish all consultation papers under consultation papers: here. Any previous consultation papers can be viewed under past consultation papers. The DIFC Authority values all comments received on draft legislation and will endeavor to take all comments received into account when issuing legislation.