Unified UAE Legislation Database

Employment Regulations

Status

In force

Issuing Authority

DIFC

Effective date

XX.XX.XXXX

Official Link

https://

(Qualifying Scheme requirements under Article 66 of the Law )

Consolidated Version No. 3

The Board of Directors of the DIFCA, in the exercise of the powers conferred on them by Article 9(1) of the Employment Law DIFC Law No. 2 of 2019 and also pursuant to the requirements of Article 66 of the Law, hereby make these Regulations.

1. INTRODUCTION

1.1 Application and interpretation

1.1.1

These Regulations apply to:

(a) Employers and Employees;

(b) any person who is an Operator of a Qualifying Scheme; and

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:

Defined Term	Definition
Administrator	a person appointed to act as an administrator of a Qualifying Scheme.

Fund Manager	a manager of any one (1) or more funds offered on the Investment Platform.
Group	means a group of entities which includes the Employer and its Affiliates;