DFSA Rules definition

DFSA Rules means the rules made by the DFSA for carrying out the purposes of the DIFC Regulatory Law contained within the DFSA Rulebook;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

DFSA Rules means articles, rules, regulations and procedures of the DFSA in force from time to time; “FCA” means the Financial Conduct Authority;

DFSA Rules means the subsidiary legislation made under the DIFC Regulatory Law 2004 by the Board of Directors of the DFSA or any other law applicable in the DIFC which is administered by the DFSA.

Examples of DFSA Rules in a sentence

• We have classified you as a “Retail Client” (as defined in the DFSA Rules).

• Remitly (DIFC) Limited is an Authorised Firm regulated by the DFSA to Provide Money Services (as defined in the DFSA Rules).

• In the event of our insolvency, winding up or other Act of Insolvency, these funds will be subject to the DFSA’s ‘Client Money Distribution Rules’ as provided for under the DFSA Rules.

• Being regulated by the DFSA, we are required under the DFSA Rules to ensure that the funds received by us from you are subject to the protection conferred by the DFSA’s Client Money Provisions, and therefore will be held on your behalf in one or more segregated bank accounts separately from our own funds.

• For the purposes of the DFSA Rules, we have classified you as a Retail Client for all Services we may provide you.

• We will treat all money (including excess margin) received from you or held by us on your behalf in accordance with the DFSA’s Client Money Provisions and as a consequence, such money will be held separately from money belonging to us and in the event of our insolvency, winding up or other Distribution Event (as defined in the DFSA Rules), such money will be subject to the DFSA’s Client Money Distribution Rules.

• As a Professional Client, you acknowledge and agree that, when dealing with us, you will not be afforded with retail customer protections and compensation rights that may generally be available to a Retail Client under the DFSA Rules.

• In this Agreement: Where a defined term used in these General Terms and Conditions is not detailed in the glossary section, reference should be made to the meaning given to this term in the DFSA Rules.

• We may allow a duly appointed (in accordance with DFSA Rules) Third Party Agent including an entity within our group as in Term 14.1(b) above to hold or control client money for the purposes of a transaction for you through or with that person; or to meet any of your obligations to provide collateral for a transaction.

• If proceeds are paid via a third-party broker or other intermediary it may take several days until the money is received in the bank account, and it may not be treated as Client Money under the DFSA Rules during this time.

More Definitions of DFSA Rules

DFSA Rules means the rules made by the DFSA for carrying out the purposes of the DIFC Regulatory Law contained within the DFSA Rulebook; “DIFC” means the Dubai International Financial Centre; "Initial Settled means, in relation to: Amount" (a) a Conversion - the sum of money that results from the Conversion based on rate of exchange provided to us by a third party provider on a real- time basis at the time the Conversion was executed; or (b) a Transaction - the sum of money used for the execution of the Transaction based on the price(s) of the relevant Investment(s) reflected by a third party provider on a real-time basis at the time the Transaction was executed. "Instructions" means any communication, instruction, order, message data or information received by us through or pursuant to the Platform or otherwise referable to your Access Methods, and any information delivered to us offline by any methods as we may agree; "Intermediary" nominee, agent, broker, custodian, fund manager, market-maker, exchange and/or other third party; "Investment has the meaning ascribed to it in clause 4.1 of this Experience and Agreement; Needs Analysis" "Investment has the meaning ascribed to it in clause 6.1 of this Strategy" Agreement;

DFSA Rules means the relevant modules of the DFSA Rulebook.

DFSA Rules means the Rules, Directives, and Regulations, Guidance notes, opinions, or recommendations of the DFSA. “DIFC” Shall mean the Dubai International Finance Centre, which is where the Company is registered and is a Financial Freezone. “DIFC Rules” Shall mean the Rules, Directives, and Regulations, Guidance notes, opinions, or recommendations of the DIFC. “Disposition” Shall mean Client’s binding disposition to the Company to perform a certain activity on Client’s Trading Account or other register or application made in accordance with the GTC. “Equity” Shall mean the current balance of the Trading Account determined in the manner specified in clause 8.10 of the GTC. ETF CFD A CFD as specified in the Condition Tables which is a contract for difference in exchange rates with specific terms of execution as described in these GTC.

DFSA Rules. : means the rules and regulations of the DFSA as1` set out in the DFSA RuleBook, as amended from time to time.

DFSA Rules means the relevant modules of the DFSA Rulebook. “DIFC” means the Dubai International Financial Centre.