Consultation papers of proposed regulations
The Dubai International Financial Centre Authority ("DIFC Authority") may issue regulations and submit proposed laws to the President, under Articles 6(4)(c) - (e) of the DIFC Law, No 9 of 2004 (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 this section. Any previous consultation papers can be viewed under past consultation papers. The DIFC Authority values all comments received on draft legislation and will endeavour to take all comments received into account when issuing legislation.
THE FOLLOWING LEGISLATIVE PROPOSALS HAVE BEEN POSTED FOR 30 DAYS OF PUBLIC CONSULTATION.
1. Companies Regulations
2. Operating Law, Regulations and related Legislation
3. Ultimate Beneficial Ownership Regulations
4. Protected Cell Companies and Investment Companies Regulations
- The DFSA and DIFCA have jointly released Consultation Paper No. 119 – Changes to the Protected Cell Company (PCC) & Investment Company (IC) Regulations
The deadline for providing comments on the above legislative proposals is by close of business on 24 June 2018.