A Rulemaking power is a critical component in a modern financial centre, as it enables a regulator to respond quickly to market developments and issues.
The Rules made by the DFSA under the Regulatory Law 2004, the Markets Law 2004, the Law Regulating Islamic Financial Business 2004, Trust Law 2005, Collective Investment Law 2006, Investment Trust Law 2006 comprehensively cover the full range of financial and related activities undertaken in or from the DIFC.
Generally, any legislation the DFSA proposes to make or to submit to the President for enactment by the Ruler is made available to the public for consultation and the DFSA also undertakes consultation with the industry as part of the policy development process.