The Markets Law 2012, which is administered by the Dubai Financial Services Authority ("DFSA") has been enacted and came into force on 5 July 2012. The new Markets Law 2012 replaces the Markets Law 2004 and is the first of a number of proposed changes to be made to the DFSA's markets law regime. The DFSA is currently in the process of making significant changes to the overall markets law regime which, amongst other things, governs the admission of securities to listing on the Official List. These changes are designed primarily to bring the DFSA's markets law regime into closer alignment with the EU requirements in the Prospectus Directive (the "PD") and the Market Abuse Directive (the "MAD"), while retaining features necessary to accommodate regional circumstances. To access our briefing, click here.
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