The Board of Directors of the DIFCA, in the exercise of the powers conferred on them by Article 46 of the Operating Law DIFC Law No. 7 of 2018, hereby make these Regulations.
These Regulations apply to:
a. a Registered Person under the Law ;
b. directors, officers, partners, members, managers and employees of Registered Persons;
c. any person wishing to operate in or from the DIFC, whether incorporated, registered or continued in the DIFC or not;
d. auditors and applicants for registration as an auditor under the Law;
e. the Registrar and persons employed by the registrar; and
f. any other person to whom the Prescribed Laws apply.
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.
The following defined terms have the meaning given below:
| Defined Term | Definition |
| Commercial Licence | a licence issued by the Registrar to a person which carries out or proposes to carry out commercial activities in or from the DIFC. |