DIFC Regulation of 2024 on Ultimate Beneficial Ownership

The Board of Directors o the DIFCA, in the exercise of the powers conferred on them by Article 46 of the Operating Law , hereby make these Regulations. 

1. INTRODUCTION 

1.1. Application and Interpretation 

1.1.1.

These Regulations apply to:

a. companies incorporated, registered or continued under the Companies Law ; 

b. partnerships incorporated or registered under the Partnership Laws; 

c. organisations incorporated under the Non Profit Incorporated Organisation Law; 

d. foundations incorporated, registered or continued under the Foundations Law ; 

e. officers and owners of persons incorporated, registered or continued under a Prescribed Law; 

f. the Registrar; and 

g. any other person to whom this Regulation 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. 

1.1.3.

The following defined terms have the meaning given below: