Dematerialised Investments Regulations (DIR)

The Board of Directors of the DIFCA, in the exercise of the powers conferred on them by Article 116 of the Companies Law and Article 43 of the Personal Property Law, hereby make these Regulations.

1.INTRODUCTION

1.1 Application and interpretation

1.1.1

These Regulations (DIR) apply to:

a. a Company incorporated under the Companies Law, a Foreign Company and any other Issuer of Investments which are or are to be held in Uncertificated form;

b. the Registrar of Companies; and

c. any other person to whom the Companies Law applies.

1.1.2

Defined terms are identified throughout these Regulations by the capitalisation of the initial letter of a word or phrase. Where capitalisation of the initial letter is not used, an expression has its natural meaning, subject to Regulation 1.1.4.

1.1.3

The following defined terms have the meaning given below:

1.1.4

 All other defined terms have the same meaning they have under the Companies Law except where the context otherwise requires.

1.2 References to writing

1.2.1

If a provision in these Regulations refe...